Business of Benefits

Business of Benefits

Category Archives: Multiple Employer Plans

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“Hidden” New MEP 5500 Legislation Requires Substantial New Reporting for 2014 Plan Year

Posted in Multiple Employer Plans
Buried deep within “The Cooperative and Small Employer Charity Pension Flexibility Act of 2014 (CSEC Act),” enacted on April 7, 2014 is a new MEP Form 5500 reporting requirement. It is one which, frankly, most of us missed. It came to light as the DOL issued its Interim Final Rule (to be published November 10 in … Continue Reading

Aggregation Models, Plan Loan Insurance, Lifetime Income Patents: Addressing Retirement Security by “Looking Through the Wrong End of a Telescope”

Posted in Fiduciary Issues, Lifetime Income, Multiple Employer Plans
In an almost stealth-like way, innovation is creeping into the marketplace and creating ways to address critical retirement issues, even without an incubator. Though these programs can do little to address what I view as the basic retirement inadequacy issue-that is, employers are generally moving away from the traditional notion of building adequate retirement programs into their employment models-they are making progress toward making the best of what we've got… Continue Reading

Using an Aggregation Program as a Solution to the Multiple Employer Plan Risk

Posted in Multiple Employer Plans
Multiple Employer Plans continue to be an issue for not only PEOs, but for a number of organizations which has successfully used the MEP method in the past to provide "scale" which is otherwise unavailable in the smaller end of the 401(k) marketplace.The DOL Advisory Opinion 2012-04 has caused us to take a closer look at how to otherwise achieve this scale. Scale in investments and services, we find, is still possible without using MEP, and in ways which tend to have a lower risk profile for both the MEP sponsor and participating employers… Continue Reading

The”Bad Actor” Challenge

Posted in Multiple Employer Plans
The DOL’s Advisory Opinion process is a helpful one, as it provides a manner in which to explore and test the development of innovative programs which are necessary for the retirement system to properly adapt and change.  One of the Advisory Opinions issued today is a case in point. A continuing challenge in the marketplace … Continue Reading

Meaningful MEP Minutiae

Posted in 403(b), Multiple Employer Plans
 I have written often of the large impact of the small, the concept of  "minimum necessary change" to accomplish what needs to be done, and have noted a number of regulatory instances where this has been-and not-accomplished. This whole idea of small rules meaning much also has relevance in the Multiple Employer Plan world, in … Continue Reading

The Uncommon MEP

Posted in Multiple Employer Plans
 Since we first published a MEP whitepaper with TAG Resources a few months back, where TAG coined the term “Open MEP,” much has happened in this marketplace. Most recently, Drinker Biddle published its own (very good) whitepaper on this topic, very much affirming, and going into closer detail on, many of the broad points we … Continue Reading

Testing of the MEP Waters

Posted in Multiple Employer Plans
In blogging, I don’t typically write about informal conversations I have had with anyone, including government staff, friends or colleagues, without first discussing it with them.  I fear that otherwise I would indeed lead a lonely life, as who would ever talk with me if there was a chance that conversation would end up on … Continue Reading
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