403b Multiple Employer Plan (MEP) Solutions
Today, higher education and K-12 independent school associations are seeking a more cost-effective way for their members to offer a retirement plan.
A 403(b) Multiple Employer Plan (“MEP”) is a special type of retirement plan in which schools that have a common interest join to pool their purchasing power within a single plan.
Why Join a MEP?
Professional investment management
Under a MEP, investment management is outsourced to a professional fiduciary who chooses and monitors plan investments in accordance with a written investment policy statement. Professional oversight and fiduciary responsibility mean less risk for you when it comes to the management of your retirement plan’s investment platform.
Economies of scale and cost savings
By collectively participating, employers can leverage their combined purchasing power to access institutional quality features in a more cost-effective manner than most single employer plans can access on their own. That translates into significant cost savings for members.
Learn more about our solutions for K-12 and higher education.
