Multiple Employer Plan Document

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I have a client that wants to sponsor a multiple employer plan that allows each adopting employer to select various plan design options. I am having trouble finding a document vendor that sells this type of volume submitter/IDP document. Does anyone know of a vendor that sells this?

[QDROphile]

If this is for a 401(k) plan, someone needs securities law advice more than a plan document.

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I don't understand your comment. Please elaborate.

[Below Ground]

What areas are you looking to have flexibility with? There is a certain amount of flexibilty permitted, but there are also design aspects that must be constant. I suggest that you call AccuDraft. I have found their document to be a good choice for most circumstances. They can also guide you through the "cans" and "can nots" of this specific concern.

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Minor changes such as vesting and contribution/allocation requirements. Don't want to offer a lot of flexibility.

[QDROphile]

Go to the securities law forum and look at the discussion that begins on April 28, 2005.

[namealreadyinuse]

I thought that ADP had a MEP that allowed different elections.

I don't get the securities law issue either, unless your original e-mail was misread to involve company stock.

[Effen]

You NEED competent ERISA counsel. Don't try to do this stuff yourself or try to find some "off the shelf" document that you think might work. Although I am sure you are trying to be the most efficient for your client, I think you may be doing a disservice by letting the tail wag the dog. The sponsor should tell the attorney what they want so the plan can be drafted. If they choose to use a “vendor” as the attorney, you are stuck with whatever their plan contains (round peg/square hole). Also, you will be taking on the liability for document and its provisions. Since I assume you are not an attorney, good luck in court if something blows up!

Tell the client that if they want to do this, they may need to pay a few extra $ up front to get it done right and hire an attorney who knows what they are doing.

"Vendors" are just commodity driven, lowest price providers. Generally, not very good quality for anything that may be outside the simplest box.

[Archimage]

Thanks for the advice. After a lot of research I tend to agree and that is the route I plan to take. I thought there might be an easier way to do this but it doesn't look there is.