Employers: Are you looking to add a low-cost 401(k) plan or simply reduce the expense of your current plan? Consider a Multiple Employer Plan (MEP) 401(k). This type of plan helps in several ways:

• A MEP will provide you and your employees with an effective retirement saving tool.
• This plan reduces costs as compared to a traditional 401(k) plan.
• It seeks to reduce employer plan liability as the fiduciary work and responsibilities are significantly outsourced.

Where can you find such a plan? In areas where you have a business connection or relationship, such as through a trade association, chamber of commerce, or business association. If your group doesn’t offer one yet, we can help.