Page 2 - 401K Matrix
P. 2
What is a Why a Outsourcing Streamline
MEP? MEP? & Oversight
A 401k MEP is a MEPs OFFER MEPs DELIVER MEPs
distinct type of 401k ECONOMIES OF FIDUCIARY STREAMLINE PLAN
retirement plan in SCALE OUTSOURCING & ADMINISTRATION
which the employers By collectively PROFESSIONAL Under a MEP
join together to pool participating, OVERSIGHT Most administrative
their purchasing employers are MEPs offer duties (ERISA 3(16))
power within a single able to leverage the ability to are outsourced:
plan. MEPs make it their combined outsource fiduciary ® Plan document
responsibilities and
maintenance
easier and more cost- purchasing power to provide an elevated ® Disclosures
effective for small & access institutional level of governance ® Distributions
mid-size employers to features in a more & oversight that ® Education
offer an institutional cost-effective are difficult to materials
level retirement plan. manner than a obtain without ® Notices
costly assistance.
single employer can By participating ® Eligibility tracking
access on their own. in a MEP, you ® RMDs
transfer most of ® Terminated
your fiduciary employee Loans
responsibilities. ® Signing the 5500
“We designed The 401(k) Matrix MEP so that small employers can have
the many advantages that large employers enjoy in the 401(k) world...
This means access to services and investments that small employers
may not be able to get or that are too cost prohibitive to implement.”
– Tuyen Pham & Noel Trias
Pensionmark Financial Group, LLC (“Pensionmark”) is an investment adviser registered under the Investment Advisers
Act of 1940. Pensionmark is affiliated through common ownership with Pensionmark Securities, LLC (member SIPC).
