As a member of SBAC, your company is eligible to participate in an award winning and cost effective Multiple-Employer 401(k) Retirement plan.

Why Retirement Plans Are Important.
Employees value working for an employer with a retirement plan in place. In fact, 47% of full-time employees said they’d prefer a job with excellent retirement benefits with minimum salary requirements vs. a higher salary with poor retirement benefits. This statistic reveals an important point: Employees place a high value on retirement benefits and consider a retirement plan to be a vital part of their overall compensation package.

What is a Multiple Employer Plan (MEP)?
A Multiple Employer Plan, known as an MEP, is a retirement savings structure that enables multiple businesses to offer a retirement plan controlled by a single qualified plan.

Multiple Employer Plan Sponsor?
The Multiple Employer Plan Sponsor, known as an MEP Sponsor, is the organization that holds the MEP master contract under which the Adopting Employers may adopt a retirement plan. Traditionally, the role of the MEP Sponsor was served by a Professional Employer Organization (PEO), or a professional association.

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