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Multiple Employer Plans

Multiple Employer Plans (MEPs) are growing in popularity as well as well as scrutiny from regulators. These articles review and highlight research and resources on MEPs, including how to set them up and run them and what types of companies might benefit the most from these types of arrangements.

Multiple Employer Plans

Multiple Employer Plans

By NAPA Net Staff1/28/2015 • 0 Comments

The ERISA Advisory Council has thrown its support behind the notion of multiple employer plans as a means of encouraging plan formation. READ MORE

By Andrew Remo7/23/2013 • 0 Comments

Congress is in the middle of a four-week, in-session work period before Members head out of town for the traditional August recess. Last week, the House of Representatives passed legislation to delay both the employer and the individual mandate under the Affordable Care Act for one year, as well as legislation reauthorizing federal education programs. READ MORE

By NAPA Net Staff4/1/2013 • 1 Comments

Based on focus groups commissioned by a number of top DC providers and conducted with plan sponsors by EACH Enterprises, there seems to be considerable concern about state-run retirement plans. Though the California model, which allows companies to choose from private and public options, seems to be getting the most support, plan sponsors are concerned about state-run plans for several reasons. READ MORE

By W. Michael Montgomery2/21/2013 • 0 Comments

In Advisory Opinion 2012-04A, the DOL fundamentally changed the prevailing wisdom on “open” MEPs, indicating that these arrangements should be considered to be individual plans rather than a single plan having multiple adopters. In a new article, Charles G. Humphrey makes the case that the watershed DOL opinion relies too heavily on a questionable comparison with Multiple Employer Welfare Arrangements (MEWAs). READ MORE

By W. Michael Montgomery11/6/2012 • 0 Comments

In August, attorney Fred Reish wrote an insightful article for fi360 AIF designees on Open MEPs that is a must-read for anyone involved with multiple employer plans. READ MORE

By W. Michael Montgomery10/8/2012 • 1 Comments

Mike Montgomery, an advisor and industry thought leader on MEPs (and NAPA Net’s MEP Conductor), reviews the trends in outsourcing that led to today’s open MEPs, and projects where the market might be headed in light of the 2012 DOL restrictions and the advent of 3(16) administrative fiduciaries. Plan sponsors have outsourced an increasing number of duties and liabilities as they try to back away from managing their 401(k) plans — but given the recent enactment of state-run MEPs, will this trend eventually lead to the nationalization of small-business retirement plans? READ MORE

By NAPA Net Staff10/5/2012 • 0 Comments

Are state-run MEPs a potential boon for plan advisors? Though there is concern about the government trying to nationalize small-business retirement plans, would state-run plans actually be an opportunity for advisors? Jamie Kalamarides, SVP at Prudential, suggests in an interview that there could be a silver lining in these state initiatives. But small-business DC plans are sold — primarily by advisors and payroll companies — so it is doubtful that a “build it and they will come” mentality will be effective unless state-run retirement plans are made mandatory, which is harder to enact and raises a whole host of other issues. READ MORE

By NAPA Net Staff10/2/2012 • 1 Comments

California Gov. Jerry Brown (D) signed legislation Sept. 28 that will create the nation's first state-administered retirement savings program for private-sector workers, over the objection of critics who said it creates a new liability for taxpayers. The bill will establish the California Secure Choice Retirement Savings Program for more than 6 million lower-income, private-sector workers whose employers do not offer retirement plans. READ MORE