401(k) Multiple Employer Plan
Save your company money and improve the level of service on your current retirement program.
By joining the Technology Association of Oregon 401(k) Multiple Employer Plan, you can provide an outstanding plan, save money, reduce your fiduciary liability and spend less time on administrative tasks.
Technology Association of Oregon 401(k) MEP Plan Highlights
- Cost savings on investments
- No individual Form 5500 reporting
- Minimal plan maintenance
- Flexible plan features, including safe harbor, Roth and profit sharing
- Customizable 401(k) plan design options involving eligibility, matches, vesting schedules and more
- Reduce your fiduciary responsibilities
How?
The Technology Association of Oregon 401(k) Multiple Employer Plan, from a government reporting standpoint, is treated like one large plan. The end result for you is a retirement plan with competitive investments, outstanding service, and someone else doing the legwork. Let us handle the paperwork for you.
Strength in Numbers
When you utilize the Technology Association of Oregon 401(k) Multiple Employer Plan, you have all the advantages and flexibility of a stand-alone plan sponsor, but avoid the expenses, fiduciary liabilities and administrative headaches associated with sponsoring a stand-alone plan.
Let us handle the paperwork for you
By participating in the Technology Association of Oregon 401(k) Multiple Employer Plan, virtually all administrative tasks can be offloaded from you to WTIA and the Technology Association of Oregon.
Tasks that can be shifted may include:
- Administrative responsibilities
- Employee eligibility tracking
- Distribution
- Processing
- Plan compliance
- Non-discrimination testing
- Annual reporting
- Participant education/enrollment
The result is more time for you to focus on running your business!
If your company is not an active member of Technology Association of Oregon, the 401(k) MEP benefit program alone makes membership worth considering. Member dues are a fraction of what you’ll spend to start and maintain a company 401(k) retirement plan. Email membership@techoregon.org to find out more today.
Already Have a Plan?
The Technology Association of Oregon 401(k) MEP will save your company money, and improve the level of service on your current retirement program. If you take advantage of the Technology Association of Oregon 401(k) MEP, converting is an easy, streamlined process.