Multiple Employer Plan (MEP)

An MEP is a retirement plan for businesses with a common interest, but ones that are not commonly owned or affiliated. The MEP sponsor (that’s NADCA) maintains the master contract for the retirement plan. Being part of an MEP allows you to offer retirement savings to your employees in a way that can also benefit your bottom line. An MEP can help business owners by giving their employees the opportunity to:

  • Set aside tax-deferred income for retirement
  • Reduce their immediate taxable income
  • Qualify for any employer-matching contributions
  • Make investing for their retirement automatic
  • Learn about saving, investing, and budgeting for their retirement

 

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