In the same way that the “cloud” has been able to free up technology access for the small business owners, a new breed of retirement plans is available to address the human resource side of business. That new plan is a Multiple Employer Plan (MEP). It is also known as the MEP.
When the 401(k) system started, there were no assets in the funds. Retail mutual funds were the only investment vehicles available to take small contributions. Now, however, things have dramatically changed. The 401(k) system is vast and ever-expanding, holding upwards of $7 Trillion in employees life savings. Those kinds of assets demand an institutional, and not just a retail, set of investment choices.
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