Multiple employer plan (non-union employer)

A multiple employer plan (MEP) is an arrangement in which two or more unrelated employers collaborate to provide retirement benefits for their employees. A multiple employer plan is a retirement plan agreement between two or more non-union employers that share the administrative and financial burden of providing retirement benefits to those employers' employees. The arrangement can be made flexible and the employers may agree that the arrangement will be designed, operated, and maintained by a third party administrator. This arrangement can benefit employers by allowing them to take advantage of economies of scale not available when they operate a plan on their own. Additionally, a multiple employer plan can create a more efficient retirement plan that can help boost employee morale and loyalty.