401 (k) Multiple Employer Plan
As of 2024, we offer a 401(k) Multiple Employer Plan to all GACC members US-wide.
A strong retirement benefit program can help businesses gain a competitive edge by attracting and retaining top talent. However, it can also bring added costs and responsibilities. That's where a Multiple Employer Plan (MEP) comes in. It's an attractive option for businesses looking to ease the administrative burden, fiduciary risk, and expenses associated with offering a quality retirement plan.
How You Benefit
Flexible Plans
- Customizable plan designs
Quick Onboarding
- Simplified administration and start-up fees
Less Paperwork
- No individual annual audit or Form 5500 filing
Cost Savings
- Potential reductions through pooled assets
Attract Talent
- Workforce benefit and competitive edge
Did you know?
- 88% of companies in the US offer their employees a 401(k) plan*
- 88% of employees say a 401(k) is a must-have benefit**
- 75% would refuse a new job if it did not offer a 401(k) plan***
Plan offered in cooperation with:
*Plan Sponsor Council of America 2022 |** Schwab 401(k) Participant Survey 2023 |*** U.S. Bureau of Labor Statistics 2023