“As far as adopting employers, I would recommend an ERISA attorney because an MEP isnât the right fit and fiduciary solution for every plan sponsor.”
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MEPs have the potential to do what state-sponsored plans may not be able to offer â protection under ERISA. Thatâs in the employeesâ best interests. If many embrace this concept, September 30, 2019 may indeed signal the dawn of a new day in retirement saving. Still, due diligence remains an imperative.