Browsing Tag
Multiple Employer Plans (MEP)
90 posts
A Multiple Employer Plan (MEP) is a retirement plan, such as a 401(k), that allows two or more unrelated employers to participate in a single plan. By pooling resources, employers can reduce administrative costs, share fiduciary responsibilities, and offer employees access to broader investment options. MEPs simplify compliance and can make offering retirement benefits more affordable for small and mid-sized businesses.
Biden Trumpets Final Rule to Rescue Troubled Union Pensions
Final rule for the Special Financial Assistance Program, an initiative of the American Rescue Plan, provides funding to improve the solvency of multiemployer pensions
Transamerica Buys TAG Resources, Bolsters Pooled Plan Offerings
'The third-party administrators interested in pooled plans and who partner with Transamerica will benefit'
Pooled Plan Filing Requirements Added to Form 5500
Form 5500 instructions have been amended to make clear that a pooled employer plan is a multiple-employer plan that files a single Form 5500 Annual Return/Report
Strategic Partners Unveiled for Franklin Templeton Group Plan Solution
Transamerica selected as recordkeeper, DWC—The 401(k) Experts will provide 3(16) services and LeafHouse Financial be the 3(38) investment fiduciary for new Franklin Templeton Retirement Group Plan Solution
Pete Swisher, Jason Roberts Launch New Fiduciary Services Firm
'We look at their contract with the recordkeeper, and invariably there are holes'
House Committee Introduces New ‘RISE’ Retirement Plan Bill
The bill would establish a retirement plan "lost and found" with the DOL
CAPTRUST Launches ‘MEP/PEP Alternative’ for Smaller Employers
CAPTRUST’s Jennifer Doss described the new platform and partnership with T. Rowe Price and National Benefit Services
14,000+ Manufacturing Companies Gain Access to New MEP
National Association of Manufacturers selects Principal, HUB International to provide its members with a multiple employer plan
SECURE Act-Dictated Changes to Form 5500 Proposed
DOL publication of proposed changes for updating Form 5500 filing requirements and instructions triggers start of 45-day comment period
MEPs for 403(b) Plans Goal of Newly Introduced Senate Bill
Congress continues to signal strong, bipartisan interest in improving retirement savings opportunities and lifetime income choices for workers and retirees, with the latest example being a new bill introduced Wednesday that will help small businesses and non-profits participate in multiple employer plans (MEPs).