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Are MEPs the Fiduciary Solution for Small Retirement Plans?
Phil Chiricotti in Fiduciary News 
[Opinion] Aug. 22, 2014
"[Multiple Employer Plans (MEPs)] will need DOL blessing before they are widely embraced as an expanded coverage solution. Given the need for coverage and the bipartisan legislative support in this area, that may happen in the next 1-2 years. Advisors could provide services at the plan, adopter, or participant level. As with any ERISA program, compensation should align with the service model and not be excessive. Advisors who don't assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role. Those that do provide the fiduciary services may still wish to avoid small MEPs."
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