The MEP/PEP Debate: Are We Better Together?
When we talk about retirement plans, many employers think of single-employer retirement plans. A single-employer retirement plan is simply a plan sponsored by one employer (or a related group of employers) for the benefit of its employees. In contrast, a multiple employer plan (MEP) is a retirement plan that is sponsored by two or more unrelated employers. Historically, MEPs have allowed employers, who may not have the resources to handle a retirement plan independently, to pool together to share the administrative burden of offering a retirement plan to their employees. Although they may sound similar, MEPs are not the same as multi-employer plans. A multiemployer plan is a collectively bargained plan maintained by more than one employer, usually within the same or related
industries, and a labor union.
Click here to view the full article in the Winter 2021 edition of our Benefit Insights newsletter or check it out in the viewer below.
What’s Inside?
In addition to the MEP/PEP Debate article, this edition of our non-technical review of qualified retirement plan legislative and administrative issues includes the additional articles and resources:
- Upcoming Compliance Deadlines For Calendar-Year Plans
- Terminated Employees? Important Relief Is Here
- Is There Pandemic Relief For Late Deposits?
Looking for more information or for assistance with the administration of your company’s retirement plan? Click here to contact us and speak with a member of our retirement plan administration services team.