MEP/PEP
A Company Fiduciary Must Ask These Questions Before Joining a 401k MEP
MEPs have the potential to do what state-sponsored plans may not be able to offer – protection under ERISA. That’s in the employees’ best interests. If many embrace this concept, September 30, 2019 may indeed signal the dawn of a new day in retirement saving. Still, due diligence remains an imperative.
What Every Company 401k Plan Fiduciary Needs to Know about MEPs
As we approach clarity with regards to Congressional action and/or implementation of the Trump Executive Order, we may find need to expand these MEP guidelines. Until then, though, companies in business associations where commonality exists may wish to use these ground rules when determining if a 401k MEP is the right course to take.
Tax Reform Surprise: Congress Slips in 401k MEP Broadside
For all the talk and concern about Congress cutting the contribution caps for 401k plan, the real news appears to be just the opposite. Sometimes, it’s better to wait for the final result rather than get worked up about what you think may happen.
Exclusive Interview with Charles Field: Less Restrictive Open 401k MEPs Relieve Some Burdens for Smaller Employers
“We have reached a watershed moment for retirement planning and saving.”
Exclusive Interview with Terrance Power: 401k MEPs Reduce Downside Risk for Company Execs
“There is no upside for an employer doing everything perfectly with their retirement plan. The downside risk, however, can be huge. It’s a risk that just isn’t worth the employer taking.”
Exclusive Interview (Part IV): Phil Chiricotti Sees MEPs as THE Fiduciary Solution for Small Plans
“Advisors who don’t assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role.”
Industry Thought-Leaders: 401k MEPs as Safe as Any Other 401k Plan
“MEPs are less susceptible thanks to their size and their often use of multiple providers.” “MEPs really are a great solution for employers, especially small employers.”
Experts Sound Off on DOL’s 401k MEP Advisory Opinion
Did the DOL just cut off the best chance for small businesses to offer low cost retirement plans to their employees?
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