Our Multiple Employer 401k Plan
Reduce your fiduciary risk and simplify plan management with professional oversight from experts dedicated to your organization’s compliance, efficiency, and success.
Our Multiple Employer 401k Plan
A Team In Your Corner When Needed
Within the Retail401k multiple employer 401k, professional service firms assume specific fiduciary and administrative responsibilities on your behalf. These providers are legally obligated to execute plan responsibilities with the highest degree of prudence, good faith, honesty, integrity, service, and undivided loyalty to retirement plan participants. This pooled employer plan structure substantially reduces fiduciary liability for participating employers. Support team members include:
Professional Fiduciary Services That Protect Your Business
A primary advantage of the Retail401K Multiple Employer Plan is the professional fiduciary infrastructure integrated into the plan structure. Unlike traditional standalone 401k plans where your organization assumes complete fiduciary responsibility, our MEP allocates these critical duties among experienced professionals who specialize in retirement plan management. Our selected team of fiduciary service providers ensures your plan maintains compliance, participants access quality investment options, and your organization remains protected from potential liability.
Plan Administrator 3(16)
The plan administrator executes all functions necessary to maintain plan compliance and manages day-to-day operations including authorizing benefit payments, processing participant distributions, and signing and filing Form 5500 for traditional closed MEPs.
Third Party Administrator (TPA)
The TPA assists with plan design to ensure selected plan provisions align with your organizational requirements. It provides ongoing compliance services including mandatory testing and administrative requirements for your MEP for small business. Your TPA remains available to address questions and provide local support.
Investment Manager 3(38)
The named 3(38) fiduciary is responsible for selecting and monitoring funds in the investment lineup in accordance with the plan's Investment Policy Statement.
