MEP (401)k

We understand the many challenges you face in meeting the demands of our current economic environment.  We at the Cayuga County Chamber of Commerce strive to find ways to help all of our members benefit from their Chamber membership.

After careful analysis and thorough examination, the Cayuga County Chamber of Commerce has discovered a way for all companies within the Chamber to benefit from banding together and leveraging our economies of scale as a whole as it pertains to retirement plans.

We have gone to great lengths to put this benefit together and we hope you will consider utilizing this to help your company better control costs, free up valuable time, relieve yourself of the fiduciary responsibility you face as a sponsor of a retirement plan, and enhance the benefits within the 401k plan to ensure you are able to keep your key employees and recruit new ones when the time comes.  This new benefit is a Multiple Employer Plan (MEP) that is sponsored by the Cayuga County Chamber of Commerce and is the only MEP in existence throughout Upstate New York. This plan offers web-based enrollment and a low set-up fee ideal for startups and nonprofits with less than 30 employees. The savings can add up to thousands of dollars per year for your business.

What does an MEP do for you as an employer and a participating business? Click HERE to find out.

The key to having a successful MEP is threefold; using the right investment platform, finding the best third party administrator (TPA), and having an adviser that will go above and beyond to serve the participating members.

MEP Contact: Jeremy Caza, The Carta Group – jcaza@cartagroup.com

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