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Multiple Employer Plans: The Latest on MEPs and PEPs [2019]
Date: 2/13/2019 Start Time: 12:00 PM (ET) Duration: 60 Min.

Description

2012 Department of Labor Guidance on “open MEPs” answered some long-standing questions but created many more. Open MEPs are a series of separate plans under ERISA, not a single ERISA plan. However, “closed” MEPs can still be treated as single plans under ERISA. The so-called “one bad apple rule” creates risks to participating employers, but MEPs have many potential administrative and cost advantages over single-employer plans.

The President, Congress, and the Department of Labor have all recently weighed in on the potential benefits of, and the need for changes to MEPs, and Congress has proposed the creation of Pooled Employer Plans (PEPs) as an alternative. This seminar will review the current and proposed MEP and PEP landscape.

Topics include:
  • Common multiple employer plan situations
    • Risks and Benefits
  • Design strategies
  • Qualification rules
    • Service
    • Compensation
    • Testing
    • Top-heavy
    • PEO-specific rules
  • DOL MEP Guidance – Past and proposed
    • ERISA status
    • 5500 Filing
    • Audits
    • Bonds
    • Fiduciary responsibility
  • Correcting errors
  • Potential legislative and regulatory changes
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: David Schultz, J.D.

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

  1. Identify appropriate situations for MEPs
  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
  7. Anticipate potential legislative and regulatory changes to the MEP rules

How to participate

You will need a phone (speakerphone, for multiple participants sharing the Primary registrant’s authorized connection) and Internet Access. The graphics presentation and illustrations will be viewed via the Primary registrant’s Web connection, while the speaker audio portion will be via the Primary registrant’s telephone. Important Note: The user registrant must be logged in via the internet for CE purposes. Select the "Fees" link on the right side menu of this page for more information about who is authorized to connect to the program, and for the cancellation/transfer policy.

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