Pentegra’s Stance On Open MEPs

Open multiple employer plans (“MEPs”) are here to stay for all the right reasons―economies of scale, a favorable effect on societal retirement coverage, outsourcing of responsibility to professional fiduciaries, and an elevated level of governance and attention to detail that employers of all sizes are unlikely to achieve without costly assistance. The compliance considerations for open MEPs are different from the considerations for other MEPs and for multiple employer trusts (“METs”), and Pentegra remains mindful of those differences as it has for nearly 70 years of building and serving multiple employer arrangements of all types. Read full article…