News and Updates
Category: Financial Security
Learn More About Our MEP 401(k) Program
Want to learn more about The Spooner Risk Control Services, Inc. MEP 401(k)? If your company has thought of offering a retirement plan, but the idea has been sidelined by the (typically) tremendous costs and complications of putting it in place, we'd like to invite you to learn more about our multi-employer plan (MEP). Spooner clients of any size can take advantage of our MEP Retirement Plan Solution for themselves and their employees. Fiduciary support and guidance is provided for you as an employer, and for your employees. Take advantage of Spooner’s economy of scale and save on plan costs and administrative time, plus take advantage of potential tax credits for starting a retirement plan. What is a Multiple Employer 401(k) Plan or MEP? A MEP is an IRS approved 401(k) that allows unaffiliated employers to adopt into a retirement plan sponsored by a third party that bears responsibility for administering the plan (Spooner, in this case). Our MEP is a great way to provide your employees with a retirement plan without the costly price tag for setup, maintenance costs, and fiduciary liabilities. What are the advantages of Spooner’s MEP? It's easy. By joining our MEP, most of your administration work is done by another party. It's inexpensive. The MEP provides large-plan pricing regardless of your company’s size. It provides for your employees. Independent, no-commissions advice to balance your employees’ needs
