401(k) Multiple Employer Plan (MEP)
Did you know that the Council has partnered with Empower and the Legacy Wealth Management to offer a 401(k) Multiple Employer Plan (MEP) to our members? By opting into this plan, you can enjoy all the advantages and flexibility of a stand-alone plan while avoiding the expenses, fiduciary liabilities and administrative headaches associated with sponsoring your own plan. The Council’s 401(k) offers institutional low-cost investments, the elimination of paperwork and reporting, minimal plan maintenance, flexible plan features and customizable plan design options.
Watch our Virtual Tech Speakers Series Event about the 401(k) MEP
Arizona Technology Council 401(k) MEP Plan Highlights
- No annual audit
- Cost savings on the 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 Council’s 401(k) MEP, 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 Council’s 401(k) MEP, 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. The result is more time for you to focus on running your business!
Let us handle the paperwork for you
By participating in the Council’s 401(k) MEP, virtually all administrative tasks can be offloaded from you to Empower, Legacy Wealth Management and the Arizona Technology Council.
Tasks that can be shifted may include:
- Administrative responsibilities
- Employee eligibility tracking
- Distribution
- Processing
- Plan compliance
- Non-discrimination testing
- Annual reporting
- Participant education/enrollment
“For service providers in the tech industry, it’s a very competitive hiring environment. Many people have the option to work in-house at a large company where they can receive higher compensation and a much better benefits package. For a long time, KEO was able to compete with in-house offers because of our flexible work-from-home policy, but adding a 401(k) plan to our list of benefits has now enabled us to better access a highly skilled workforce that is eager to dive in, wear many hats and learn new skills.”
Ready for next steps?
If your company is not an active member of the Council, 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 [email protected] to find out more today.
Already have a plan?
The Council’s 401(k) MEP will save your company money, and improve the level of service on your current retirement program. If you take advantage of this plan, converting is an easy, streamlined process.
For more information, please contact the financial advisor for the Arizona Technology Council 401(k) Multiple Employer plan:
Michael DiGrazia, CIMA®, CFP®
Senior Institutional Consultant Director
Legacy Wealth Management
480.573.2198
[email protected]
Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Legacy Wealth Management is a separate entity from WFAFN.
Learn more about our recordkeeping partner, Empower, below.
