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You Want to Terminate Your Multiple Employer 401(k) Plan? Good Luck with That
Employee Fiduciary Link to more items from this source
Nov. 2, 2016

"Employers lack the authority to terminate their portion of a MEP. With no distributable event triggered by a plan termination, 401k accounts can be trapped in a MEP until the participant terminates employment or becomes eligible for an in-service distribution. Trapping 401k accounts in a MEP can be problematic for 401k participants and fiduciaries. 401k fiduciaries must understand this issue if they are considering a MEP for their small business."

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