Just getting started in the 401(k) world? The MEP may be right for you. A simple plan that lets you and your employees contribute the maximum amount allowed. Choose between a 4% match (employee must contribute in order to receive) or a 3% non-elective (any eligible employee receives 3% of compensation). The MEP allows you to keep administrative costs low, while providing a great employee benefit.

  • Easy to operate and reduce fee structure

  • Contribute the deferral maximum

  • Typically used with businesses with less than $50,000 in profits