business people moving gears What, then, will be the key components of the 401(k) MEP model? Which players will dominate? Which service providers will multiply? Which may find less interest in their services? (Photo: Shutterstock)

Here’s the way I see it: In 10 years, private-sector open 401(k) multiple employer plans (MEPs) will be the norm. Stand-alone 401(k) plans will be few and far between. Like pension plans today, only the oldest and largest companies with have them. And they’ll be trying to figure how to get rid of all the bells and whistles they added to them.

State-run retirement plans? By 2030, after a series of state bankruptcies and scandal, the few that remain will have all the credibility of a MyRA. The good news, though, is that the (blue) states that still have them will have begun to use them to replace their public employee pensions. (They’ll rationalize this shift as a way to make state-run retirement plans “sustainable.”)

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Christopher Carosa

Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook ( Twitter (

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