Benefits of a Multiple Employer Plan (MEP)
Offering your members access to a 401(k) plan can be an important tool in the recruitment and retention of talented employees, and it’s never been easier to offer this benefit.
Joining a Multiple Employer Plan (MEP) is a great way to reduce the costs and administrative burden of offering a 401(k) plan, allowing your members to stay focused on what they do best—running their business.
How your members benefit from an MEP
For your business-owner members, an MEP offers “strength in numbers.” By pulling together, your members can enjoy benefits that might not be available or affordable individually. An MEP:
- May help save time by significantly reducing your members’ work loan and responsibilities
- May help offer fiduciary protection by significantly reducing your members’ fiduciary risk
- May help improve your members’ plan by aggregating crucial services at a competitive price
How we can help
Lincoln is an industry leader that has been providing MEPs to Professional Employer Organizations (PEOs) and professional associations and groups for more than 20 years. To learn more, please contact your financial advisor.