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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

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