Litigation, scale push private colleges to adopt multiple employer plans
InvestmentNewsApril 23, 2018
Pioneers circled their wagons for mutual protection, and a new trend emerging in the 403(b) space employs a roughly similar tactic. Small and independent, nonprofit private colleges — in search of ways to improve the retirement outlook for faculty and staff, and mindful of regulatory and litigation risks — are banding together at the state level to establish multiple employer plans, or MEPs.
Blaine Aikin, executive chairman at Fi360 and CEFEX, discusses what MEPs are and why they are becoming so popular.
