What is an MEP plan?
A Multiple Employer Plan (MEP) is a retirement savings program where multiple, unaffiliated businesses participate in a single retirement plan.
XcelHR acts as the plan sponsor & trustee.
Slavic401k serves as the back office and takes on the responsibilty for day-to-day plan management. Investment advisors help our clients and their employees make investment decisions in their best interest.
XcelHR’s MEP 401k plan avoids many of the challenges employers face when trying to adopt a retirement plan on their own, including:
+ Legal & regulatory requirements
+ Liability concerns
+ Depth of knowledge to understand plan value & structure
Prepare for your
XcelHR’s MEP plan gives you access to unmatched expertise to
help you and your employees secure your retirement and maintain your
independence and control.
Low cost plan
Our increased buying power means added cost savings for our clients through lower plan fees.
Customize your plan
You can choose your own vesting schedule, eligibility requirements, and corporate match.
No audit cost
You get back the time, energy and cost that is normally associated with conducting an annual audit.
Integrate with payroll
We can set up automatic payroll deductions for your employees, increasing efficiency and reducing responsibilities.
We communicate plan benefits and distribute plan notices and quarterly benefit statements to participating employees.
No cost for Form 5500 filing
We manage Form 5500 filings to the Department of Labor so you are always in compliance with benefits regulations.
are a win-win
Offering a retirement plan is rewarding for you, your business, and your employees.
+ Attract and retain exceptional employees
+ Help your employees feel financially prepared
for the future
+ Enjoy tax benefits that come along with
tax-deductible employer contributions
+ Take advantage of the opportunity to invest in
your own retirement plan
See more employee benefits >