Retirement Planning

Multiple Employer 401(k) Plans save companies money

For small and medium-sized businesses looking to save money on their retirement plans, MarathonHR now offers a Multiple Employer Plan (MEP) 401(k). A multiple employer plan is a retirement plan for businesses that typically share a common interest or common characteristic, but are not commonly owned or affiliated. MarathonHR has partnered with a major MEP provider, so all clients of MarathonHR share that common characteristic and are therefore eligible to participate in our MEP together.

A MEP 401(k) confers numerous benefits to businesses, including:

  1. Potential cost savings compared to many other options, including a single-employer plan
  2. Fiduciary support
  3. Flexibility of plan design
  4. Access to a broad array of investment choices
  5. Strong participant education support
  6. Business tax deductions
  7. Employee retention and recruitment

62% of employees without retirement plans say they would leave their company for an identical job if it included a retirement plan.

Furthermore, purchasing your MEP through MarathonHR affords you numerous administrative benefits as well. We or our plan partner will prepare and file necessary documents, handle yearly nondiscrimination tests (for which the costs are spread among all the participants), maintain records, file annual reports, prepare and distribute quarterly participant statements, and more.

Don’t pay too much for the retirement plan you already offer—or risk losing valuable employees if you do not currently have one.

YOUR MULTIPLE EMPLOYER PLAN

Client Spotlight

MarathonHR Helps Thomas Eye Center Focus on Patient Care and Service
Read More

Contact Us

MarathonHR Services, LLC
2450 Atlanta Hwy.
Building 100, Suite 103
Cumming, GA 30040
Phone: 678.208.2802
Fax: 678.807.5772

565 Research Drive
Athens, GA 30605
Phone: 678.208.2802
Fax: 678.807.5772

TELL ME HOW MARATHONHR CAN MAKE MY PAYROLL DOLLARS GO FARTHER!