Will MEPs Matter?

A reader notes, “the MEP topic at the NAPA 401(k) Summit sparked some interesting discussion among advisors during the peer session” – and wondered if advisors see their emergence as a threat to your business.  Well, do you?

MEPs, or multiple employer plans, have long been touted as at least a partial solution to the coverage gap, as a means to cost-effectively serve the smaller plan market, as well as a way to lower the barrier to plan adoption, among other things.

On the other hand, there’s little doubt that their emergence will have some impact – and potentially a negative one on certain business models. 

This week, we’d like to know how you feel about MEPs, and their potential impact.

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* 1. How much impact do you think open MEPs will have on retirement plan coverage?

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* 2. How do you feel about open MEPs?

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* 3. How do your plan sponsor clients/prospects feel about open MEPs?

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* 4. Assuming they come to be, how do you think open MEPs will impact recordkeepers?

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* 5. Assuming they come to be, how do you think open MEPs will impact TPAs/third party administrators?

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* 6. Assuming they come to be, how do you think open MEPs will impact your practice?

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* 7. Any other comments about MEPs, open MEPs, the prospects for open MEPs, the implications of open MEPs, the unexpected outcomes from open MEPs, or life in general?

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* 8. What is your role working with retirement plans?

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* 9. What size plans do you PRIMARILY work with?

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* 10. Suggestions for future survey questions?

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* 11. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...

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