Key features of MEPs and PEPs
Compared to the traditional 401(k), a MEP or PEP arrangement can help take many operational responsibilities off of the employer’s to-do list, enabling them to outsource plan administrative duties and investment management to help reduce their fiduciary risk.
A MEP or PEP arrangement may be a good fit for employers who:
- Want to start offering a retirement plan but want to limit the expense, fiduciary liability, and time it takes.
- Currently sponsor a plan and want to reduce expenses or outsource fiduciary responsibilities to an expert.
- Want a turnkey solution that doesn’t require custom documents and plan features—and provides more time to focus on running the business.
Learn more about MEP and PEP arrangements and how they can help support overall business objectives and retirement plan goals.