top of page

Adding Retirement:
Easy 401(k) plans start with a Multiple Employer Plan

Employees need the opportunity to plan for retirement. You need the control and flexibility of a 401(k) – but without the administrative paperwork and fiduciary responsibilities.

A Multiple Employer 401(k) Plan is the perfect solution to managing a 401(k). As a small employer, you'll join hundreds of other businesses sharing in the costs of plan management. Plus you maintain full control of the plan and any match you might provide.
 
If you are a small to mid-sized company with a 401(k), you are probably paying higher fees for a stand-alone plan because of your lower plan assets. By joining a MEP, the small employer takes advantage of the entire pool of employers' funds whose asset size increases scale and lowers admin fees.
 
Working with Benefits Redesigned, you'll have a Compliance 401(k) MEP that performs 95% of all administrative and fiduciary tasks within the plan.
 

And our Compliance 401(k) administrator takes on the highest level of 401(k) plan fiduciary liability by serving as the ERISA 402(a) Named Fiduciary for the MEP.

 

A Multiple Employer Plan is an innovative 401(k) Plan aggregate approach, powered by Ameritas®, supported by EGPS, Mesirow Financial,  Stadion Financial and Benefits Redesigned.

Why add a 401(k)?

Managing a 401(k) plan yourself is time-consuming and makes you legally responsible for the plan.

401(k) Advantages

A 401(k) plan can either be pre-tax or post-tax deductions depending on the plan setup. Any employer contributions are tax deductible.

401(k) Enrollment

Employees want help with their 401(k) plan, not only at retirement, but throughout the plan year. We are here for them.

Contributions

Unlike other retirement plan options, a 401(k) has flexibility for employer contributions based on your plan setup.

Buried in Paperwork

Managing a 401(k) yourself is time consuming and makes you legally responsible for the plan.

Rules & Regulations

With a Multiple Employer Plan, your plan administrator handles all rules and regulations related to the 401(k).

The key difference between a Multiple Employer 401(k) Plan (MEP), as shown in the video above, to a Traditional 401(k), as shown in the video below, is the responsibility for the plan. A MEP puts the fiduciary responsibility (and most of the administration work) on the plan organizer, not on the employer.

Adding a retirement plan can be easy.
Let us show you how.

bottom of page