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.
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For more information about any of the products and services listed here, schedule a meeting today or register to attend a seminar.