Many employers use Multiple Employer Plans (MEPs) to control the costs and liabilities associated with employee benefits plans. However, even though these plans have been around for a number of years, proper MEP operation and compliance remain elusive due to incomplete and conflicting guidance from the Internal Revenue Service (IRS) and the Department of Labor (DOL).
What You Will Learn
MEPs are simultaneously subject to a web of federal laws, including the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code, as well as state insurance laws. This 90-minute program will address the complexities of the laws governing multiple employer plans (MEPs), including “open” MEPs, industry MEPs, PEO MEPs and multiple employer welfare arrangements (MEWAs). Our panel of attorneys experienced in advising MEP sponsors and participating employers will address:
- How to identify whether an arrangement is a MEP, single employer plan, collection of single employer plans, MEWA or group insurance arrangement.
- How to identify which federal and state laws and reporting requirements apply to the arrangement
- Proper operation, compliance and reporting under IRS, DOL and state regulations
- Avoiding common — and uncommon — plan sponsor and participating employer pitfalls, including creation of the accidental MEP
- Fiduciary and non-fiduciary obligations of sponsor or participating employers
- Multiple Employer Stock Ownership Plans (MSEOPs)
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