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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.

Slavic logo

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.

enroll & waive participants

Enroll & waive participants

 processing plan trades & contributions form

Processing plan trades & contributions

5500 filing

Form 5500 filing

annual nondiscrimination testing

Annual
nondiscrimination
testing

XcelHR’s MEP 401k plan avoids many of the challenges employers face when trying to adopt a retirement plan on their own, including:
+ Cost
+ Legal & regulatory requirements
+ Liability concerns
+ Time
+ Depth of knowledge to understand plan value &    structure

Prepare for your
golden years

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; no audit cost

Low cost plan

Our increased buying power means added cost savings for our clients through lower plan fees.

customize your plan

Customize your plan

You can choose your own vesting schedule, eligibility requirements, and corporate match.

no audit cost

No audit cost

You get back the time, energy and cost that is normally associated with conducting an annual audit.

integrate with payroll

Integrate with payroll

We can set up automatic payroll deductions for your employees, increasing efficiency and reducing responsibilities.

effective employee communication

Effective employee communication

We communicate plan benefits and distribute plan notices and quarterly benefit statements to participating employees.

No cost for Form 5500 filing

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.

Retirement plans
are a win-win

Offering a retirement plan is rewarding for you, your business, and your employees.

401(k) retirement plan is a must have benefit

+ 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 >