Multiple employer plans – the affordable workplace retirement plan option for small businesses
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The Department of Labor recently announced a proposed rule that would expand access to multiple employer retirement plans for small businesses.
In this podcast (3:36), we explain the concept of multiple employer plans or MEPs. Sagar S, the Product Owner for Congruent’s CORE Suite of Solutions, talks about how multiple employer plans will help increase retirement coverage in the US. He also describes one of the challenges of MEPs from a provider perspective, and how Congruent’s CORE Contributions Processing Solution helps tackle it.