X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
people holding puzzle pieces I learned one of the biggest concerns was “Can my company leave the MEP if things change?” The simple answer is yes. Of course, as with most answers, it all depends on the specifics of the particular plan design. (Photo: Shutterstock)

No fancy prose this week. No pop culture allusions. Just the straight dope. But first, a disclosure: Besides reporting on this subject for some time now, several years ago, I helped a business association create a 401(k) MEP or multiple employer plan. I worked with several different service providers and researched plenty more. This was not an “Open MEP,” but a true MEP. Unlike Open MEPs, in a true MEP the underlying plans were not required to continue to operate as if they were a separate plan.

Christopher Carosa

Dig Deeper

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.