MEP Retirement Plans

MEP Retirement Plans

Managing a retirement plan for your company shouldn’t be a burden. When you enroll in The Multiple Employer Plan from The Pension Service you benefit from the support of a company with 50 years of experience in administering retirement plans for businesses just like yours.

With almost 50 years as retirement plan administrators for companies like yours, we know how to manage plans well.  We’ll work with you to make sure that your plan is set up properly and operating efficiently.   Let us do all the legwork so that you can focus on the business at hand.

What is a MEP

MEP stands for Multiple Employer Plan.  A MEP is a streamlined version of the complex 401(k) plans and are designed specifically to be easy to implement and less costly.  It is the ideal solution for companies looking for a retirement plan that doesn’t require a great deal of management time.

Benefits of MEPs

Multiple Employer Plans give you the ability to pull in a group of two or more employers where there is no relation between the employers and cover them under one retirement plan.  These employers may or may not share the same industry or have a common business relationship even though they are not a related employer. By implementing a MEP into your business, you’ll experience administrative convenience while minimizing fiduciary liability Multiple Employer Plans, among many other benefits, offer:

  • Low-cost alternative to the traditional 401(k)
  • Single source provider for payroll and pension plan
  • Reduced fiduciary responsibility
  • Automatic employee contributions
  • Low time commitment from HR staff
  • Easy plan for employees to understand
  • Access to an experienced retirement staff
  • Automated census reporting fiduciary fee disclosures and monitoring

 

Why TPS for MEPs in CT?

As industry experts in Retirement Plan Administration Services, The Pension Service makes adding a MEP to your benefit package easy, affordable, and manageable. How?  When you enroll in the MEP, you’re automatically partnered with Payright Payroll Affiliates, Inc. – a leader in small business payroll solutions. This unique solution streamlines your payroll function with a single point of entry. We reduce your responsibility by providing all participant statements, annual reports and participant records. We also take care of all the required annual compliance testing.  It’s time to start talking about the specific needs for your company’s retirement plan. 

 

For more information on Multiple Employer Plans in CT, Contact TPS Group Today.

Related to: Third Party Administrator, TPA, Pension Plan Design Consultant, Retirement Plan Consultant, Retirement Plan Design, Pension Consultant

Further Reading: MEP Retirement Plans

Reviews

Highly impressed with their level of expertise and outstanding customer service.

Highly impressed with their level of expertise and outstanding customer service.

I highly recommend TPS Group and their quality third-party administration for our 403(b) plan. During our long relationship with TPS Group, we have never failed to be impressed with their level of expertise and outstanding customer service. They keep their promises and it’s easy to work with them. Having our own rep Lauren McNabb is a plus!

- Don Senecal

"Extremely Helpful to Our Business"

"Extremely Helpful to Our Business"

Malinda deserves special recognition. She is prompt, courteous, and professional. We find her to be extremely helpful to our business.

- Angela Simino

"Wonderful To Work With"

"Wonderful To Work With"

My go to professional is Des. A wonderful person to work with. We can count on him to handle all of our needs.

- Andrea Blakeslee

"Answers All Of My Questions In A Clear Manner"

"Answers All Of My Questions In A Clear Manner"

Our case administrator, Susan, has been absolutely wonderful and is a joy to work with. She is very knowledgeable, patient, answers all of my questions in a clear manner, and is professional.

- Kathy Townsend

Extremely Valuable to Myself and Our Company

Extremely Valuable to Myself and Our Company

Kathleen has helped me gather info and understand text so many times and is extremely valuable to myself and our company.

- Elizabeth Robison

Very Responsive And Clear To Requests And Questions

Our service representative, Carol, is outstanding and very responsive and clear to requests and questions. Very professional yet pleasant.

- Jane Surmecewicz

They are a pleasure to work with and we highly recommend their services.

They are a pleasure to work with and we highly recommend their services.

For many years we’ve relied on TPS Group’s extensive knowledge and industry expertise to keep us in compliance with state and federal regulations as well as changes in the law. Their attention to detail is just what we need to keep our business operations running smoothly. They are a pleasure to work with and we highly recommend their services.

- Dan Neal

TPS filled in the gaps within our small HR department

Working with Kim and her talented team helped us fill in the gaps within our small HR department. I strongly recommend TPS for HR tasks that don’t warrant hiring a full-time team. Thanks again Kim!

- Jake F

Knowledge and Expertise

Excellent customer service can be hard to find, but not with TPS Group! I know when I do business with Phil Coco, I can expect a quick response. I rely on his knowledge and expertise, and highly recommend TPS Group for their pension services.

- Mark Catullo

Dependable, experienced, and professional

Dependable, experienced, and professional

Dependable, experienced, and professional, our TPS Group recruiter was an invaluable resource, helping us locate and vet quality talent.

- Tyler R. Vunk

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