Benefits Think Why we desperately need Multiple Employer Plans for small business employees

• The DOL doesn’t treat an open MEP as a single plan and makes each contributing employer subject to individual fiduciary rules.
• The IRS regards both open and closed MEPs as single plans, consistently holding the two variants to the same set of standards and applying the same ERISA compliance rules to both plan types.

“MEPs attempt to create broadly available and simple retirement plans that spread the cost burden over multiple employers.”