Group 401(k) solutions

There’s strength in numbers

Administration, cost and legal responsibilities are real considerations for small-business owners when it comes to offering a 401(k) plan. But it doesn’t have to be a challenge.

Multiple employer plans (MEPs) and multiple employer aggregation programs (MEAPs) are group 401(k) solutions that can help small businesses reap the benefits of offering a retirement plan without owning all of the plan’s responsibilities. 

video thumbnail
Group 401(k) plans

A group 401(k) plan can reduce costs, liabilities and administrative tasks for business owners.

Watch the video.

How to add value

Add value by shining a light on a need your client may not know exists — and offering a solution. Your client could serve small-business owners by sponsoring a MEP or a MEAP.

Group 401(k) plans and programs can be a natural fit for a variety of organizations. When you think about your book of business and your prospects, keep these groups in mind:

  • Closely affiliated associations
  • Common ownerships
  • Professional employer organizations (PEOs)
  • Industry-specific and other organizations like:​
  • Banks and credit unions
  • Affiliated service organizations (ASOs)
  • Medical service organizations (MSOs)
  • Payroll companies
  • Accounting and certified public accountant (CPA) firms
  • Property and casualty insurance firms
  • Franchising groups
  • Broker-dealers
  • Adviser books
  • 3(16) fiduciary organizations