Vestwell makes it easier than ever for advisors to streamline operations across multiple employer retirement plans. If you’re looking for ways to diversify your retirement solutions and unlock new opportunities for client acquisition, Closed Multiple Employer Plans (MEPs) allow related businesses to join together and participate in a single retirement plan, often structured as a 401(k).

What are Closed Multiple Employer Plans (MEPs)?

Closed Multiple Employer Plans (MEPs) are plans that require some commonality between participating employers. A plan organizer serves as fiduciary and assumes administrative and investment management responsibilities for all employers participating in the plan.

Closed MEPs are popular among PEOs, Associations, Franchises, and
 Closely-Held Organizations.

What are the key benefits for employers?

• Access to economies of scale
• Potential tax credits
• Decreased fiduciary responsibilities and reduced administrative expenses
• Simplified retirement plan administration

What are the key benefits for advisors?

• Easy administration
• Flexible plan design
• Versatile retirement savings options
• 100+ payroll integrations