ISACS Multiple Employer Retirement Plan (MEP)

A Multiple Employer Retirement Plan (MEP) offers the opportunity to bring different employers together under a single retirement program. Today, schools are seeking a more cost effective way to offer a retirement plan. 403(b) plan sponsors have been increasingly burdened with retirement plan responsibilities—from completing 5500 forms, to providing annual disclosure notices, keeping up with investment options, and meeting compliance regulations. It is challenging for administrators to keep up with regulations and requirements. There’s an easier way. With the ISACS MEP, you can offload plan administration and investment decisions to a team of experts who handle them for you.

Key Benefits

  • Reduce employer liability
  • Offload plan responsibiilties
  • Streamline administrative work
  • Lower participant fees
  • Expanded plan services
  • Professional investment management

Reduce Work & Save Time

Reduce the work that comes with sponsoring a retirement plan by turning these responsibilities over to a team of professionals who handle them for you.


Offload Fiduciary Risk & Responsibilities

Most fiduciary responsibilities and potential liabilities are transferred to a team of professionals who ensure your plan is well managed and compliant.


Reduce Plan Costs

By creating scale with so many participating employers, the ISACS MEP offers a more cost effective way to access a broader array of retirement plan services. You will enjoy the benefits that come with being part of a plan that is larger in scope and scale.n more.

Efficient
The ISACS MEP is treated as a single plan for reporting purposes:

One plan document
Single Form 5500
Reduced cost due to single plan audit for entire MEP

Flexible
Each employer can choose plan design options including:

Safe harbor
Entry requirements
Employer contributions
Vesting

    Comprehensive

    Robust web portal
    & account access

    Detailed analytics
    & plan reporting

    How does the ISACS MEP work?

    With the ISACS MEP your administrative and most fiduciary responsibilities are handled by delegating them to an expert team of retirement plan professionals. You will enjoy the peace of mind of having a team of professionals on board.

    3(16) Administrator
    Administrative fiduciary,
    handles plan administration

    3(21) Investment Advisor
    Participant Education,
    Guidance & Advice

    Recordkeeper
    Plan recordkeeping
    & website access

    3(38) Investment Manager
    Investment Fiduciary;
    Manages & Monitors Plan investments

    Responsibilities Single Employer Plan ISACS MEP
    Select Plan Provisions Employer Employer
    Coordinate & Submit Payroll/Plan Contributions Employer Employer
    Compile and Provide Year-End Census Data Employer Employer
    Select and Monitor Designated Service Providers Employer Employer
    Quarterly Investment Reports Employer MEP
    Investment Fund Selection & Monitoring Employer MEP
    Investment Policy Statement & Compliance Employer MEP
    Annual Individual Plan Form 5500 Filings Employer MEP
    Annual Individual Plan Audit Employer MEP
    Plan Document Amendment Employer MEP
    Responsible for Compliant Plan Withdrawals & QDROs Employer MEP
    Plan Trustee Responsibility Employer

    Be part of something bigger and better.

    Contact Robin Breslin at robin@isacs.org to learn more!

    TIAA Fiducient Pentegra