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Multiple Employer Plans: How MEPs Work for Private Employers
Presentor: Derrin Watson Recorded Date: 3/1/2016 Duration: 60 Min.

Description
This program was recorded during a live presentation given on March 1, 2016 at 12:00PM EST.
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This is the first of two web seminars dealing with Multiple Employer Plans (MEPs). This program address the qualification and labor issues affecting MEPs for private employers. The second program looks at recent DOL rules to allow states to offer MEPs under favorable rules no private organization can compete with, as well as other state sponsored retirement plan options.

2012 Department of Labor Guidance on “open MEPs” answered some long-standing questions. Open MEPs are a series of separate plans under ERISA, not a single ERISA plan. However, some MEPs can still be treated as single ERISA plans.

Regardless of the type, multiple employer plans are complex and require careful thought and planning. In this Web seminar, Derrin Watson, author of "Who’s the Employer?", which extensively addresses PEOs and multiple employer plans, will discuss:

  • Common multiple employer plan situations
  • Design strategies
  • Qualification rules
    • Service
    • Compensation
    • Testing
    • Top-heavy
    • PEO-specific rules
  • Recent DOL Guidance
    • ERISA status
    • 5500 Filing
    • Audits
    • Bonds
    • Fiduciary responsibility
  • Correcting errors
Prerequisites:

There are no prerequisites or other advanced preparation for this program. However, the speaker will assume that attendees understand the operation of 401(k) plans in general and have one year of experience. The speaker will not assume prior experience with multiple employer plans.

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: S. Derrin Watson, J.D.
Recipient of ASPPA's 2006 Educator of the Year Award

Objectives: After attending this Web seminar, an attendee should be able to:

  1. Identify appropriate situations
  2. Determine service for eligibility and vesting
  3. Calculate compensation for various purposes
  4. Explain how to test the plan for coverage and nondiscrimination
  5. Assist in plan design
  6. Adapt to the administrative differences involving these plans

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