MassMutual’s Multiple Employer Plan (MEP) product is designed to streamline the adoption process and minimize the expenses associated with establishing and maintaining a §401(k) plan for participating employers or member firms. Through the MEP structure, the participating employers or member firms have limited fiduciary liability, reduced roles and responsibilities, and benefit from economies of scale as compared with establishing a single-employer plan.
MassMutual’s Multiple Employer Plan services include:
- A MEP-dedicated Service Team
- Targeted Education and Enrollment Campaigns
- Internet services for Participating Employers and Participants
- ADP/ACP, §402(g), §410(b), §415 and §416 testing *
- Government Form 5500
- Individual Amendments and Legislative Restatements
* Additionally §401(a)(4) and §414(s), as necessary
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Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001.
