Search results for: MEP

The DOL and IRS have both issued updates for the three composite plan types.

In response to SECURE 2.0 permitting more flexibility for multiple and pooled employer plans, Vestwell is expanding its offerings for 401(k) plans. 

The gross settlement amount tops $1 million, of which a third can be used to pay the plaintiffs’ attorneys’ fees.

A federal court found most of the plaintiffs’ ERISA fiduciary breach claims are sufficiently pled to advance beyond the motion to dismiss stage in the litigation process.  

In certain cases, the portion of a multiple employer plan attributable to a participating employer’s failure to meet plan qualification requirements would be spun off.

The lawsuit takes particular issue with the use of higher-cost share classes and revenue sharing.

The complaint alleges the defendants failed to choose less costly and equally or better-performing investment options for the plan, or to use the plan’s size to reduce recordkeeping...

The lawsuit says fiduciaries of the multiple employer plan failed to ensure reasonable fees for administration and investments and acted in Pentegra’s interest by continuing to allow Pentegra...

Attorneys say employers considering whether, and what type, of multiple employer plan (MEP) to join will want to closely monitor the progress of guidance anticipated from the Department...

Open MEPs are likely to come in many "models," so questions about pricing and fiduciary responsibility remain, MassMutual says.