‘MEP’ stands for multiple employer plan. MEPs are defined in IRC 413(c) and are retirement plans that cover unrelated employers. A MEP can be either a 401(k) plan or a defined benefit plan. Examples of MEPs include the following scenarios:
‘MEP’ stands for multiple employer plan. MEPs are defined in IRC 413(c) and are retirement plans that cover unrelated employers. A MEP can be either a 401(k) plan or a defined benefit plan. Examples of MEPs include the following scenarios: