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You Want to Terminate Your Multiple Employer 401(k) Plan? Good Luck with That
Employee Fiduciary 
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." MORE >> |
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