Skip to main content
Posted by jflorian on Feb 2, 2021

The MEP/PEP Debate: Are We Better Together?

When we talk about retirement plans, many employers think of single employer retirement plans. A single employer retirement plan is simply a plan sponsored by one employer (or a related group of employers) for the benefit of its employees. In contrast, a multiple employer plan (MEP) is a retirement plan that is sponsored by two or more unrelated employers. Historically, MEPs have allowed employers, who may not have the resources to handle a retirement plan independently, to pool together to share the administrative burden of offering a retirement plan to their employees. Although they may sound similar, MEPs are not the same as multi-employer plans. A multi-employer plan is a collectively bargained plan maintained by more than one employer, usually within the same or related industries, and a labor union.

  • Similarities
  • Differences
  • Upcoming Compliance Deadlines for Calendar-Year Plans
  • Terminated Employees? Important Relief is Here.
  • Partial Plan Termination
  • Qualified Disaster Distributions Extended
  • Qualified Disaster Loans
  • Paycheck Protection Program (PPP) Round 2
  • Is there Pandemic Relief for Late Deposits?
  • What is the deadline to deposit employee deferrals and loan repayments?
  • Was relief provided due to the COVID-19 pandemic?
  • What happens if deferrals were not deposited timely?
  • What can be done to avoid late deposits in the future?

This newsletter is intended to provide general information on matters of interest in the area of qualified retirement plans and is distributed with the understanding that the publisher and distributor are not rendering legal, tax or other professional advice. Readers should not act or rely on any information in this newsletter without first seeking the advice of an independent tax advisor such as an attorney or CPA.

Leaving Site

You are now leaving the website

The link you clicked will take you to a third-party website. We do not control the content of this site, nor do we endorse or guarantee the products, information or recommendations provided by the linked site, Please review their Privacy Policy as it may differ from ours. The linked third-party website may provide less security than the bank's website.