A 403(b) Multiple Employer Plan (MEP)
Are you ready to take managing your college’s 403(b) retirement plan off your ever expanding to-do list? The WAICU 403(b) Multiple Employer Plan (MEP) can do just that. It’s a great option for colleges seeking a cost-effective retirement plan with administrative ease. By joining the WAICU MEl, you can offer competitive investment options, reduce your fiduciary obligations and liability.
Plus, you’ll access quality services, lower fees, and enhanced administrative support.
Strength in numbers
191M
Combined plan assets
20%
Lower fees for participants
9
WAICU institutions in the plan
100%
Transparent fund and fee structure
Collaboration Vendors & Partners
Legal Advisor
Legal Advisor
Plan Sponsor
Recordkeeper
Auditor
Increase
- Quality of services and support
- Employee education
- Collaborative peer support
- Flexible investing
- Fee transparency
Continue
- One-on-one participant retirement consultation
- Flexibility in employer plan decisions
- Non-ERISA plan, including those with church plan status
Reduce
- Fees paid by participants
- Fiduciary liability – no longer sponsor a plan
- Administrative burden
