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.
Managing a 401(k) plan yourself is time-consuming and makes you legally responsible for the plan.
A 401(k) plan can either be pre-tax or post-tax deductions depending on the plan setup. Any employer contributions are tax deductible.
Employees want help with their 401(k) plan, not only at retirement, but throughout the plan year. We are here for them.
Unlike other retirement plan options, a 401(k) has flexibility for employer contributions based on your plan setup.
Managing a 401(k) yourself is time consuming and makes you legally responsible for the plan.
With a Multiple Employer Plan, your plan administrator handles all rules and regulations related to the 401(k).