“401k Multiple Employer Plans (MEPs) are a solution for the small to mid-sized employer market that will lead to the expansion of retirement plan coverage for America’s workers.”
Tag "Terrance Power"
As we approach clarity with regards to Congressional action and/or implementation of the Trump Executive Order, we may find need to expand these MEP guidelines. Until then, though, companies in business associations where commonality exists may wish to use these ground rules when determining if a 401k MEP is the right course to take.
For all the talk and concern about Congress cutting the contribution caps for 401k plan, the real news appears to be just the opposite. Sometimes, it’s better to wait for the final result rather than get worked up about what you think may happen.
“There is no upside for an employer doing everything perfectly with their retirement plan. The downside risk, however, can be huge. It’s a risk that just isn’t worth the employer taking.”
This content is not available to your membership level. It is available to: Basic
You may register with FiduciaryNews.com for free to become a Basic Member. You may also upgrade to benefit from premium content available only to Professional and Preferred Members.
You may be seeing this because you did not Login. If you have logged in and are still seeing this, you will need to check your member level is able to access this content.
Solving a political meme does not solve the problem.
Proof again that what gets repeated in the media is not the same thing as a fact.
“Advisors who don’t assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role.”
“MEPs are less susceptible thanks to their size and their often use of multiple providers.” “MEPs really are a great solution for employers, especially small employers.”
Did the DOL just cut off the best chance for small businesses to offer low cost retirement plans to their employees?
