Multiple Employer Retirement Plan

MULTIPLE EMPLOYER RETIREMENT PLAN TIAA is the MEP plan record keeper. As a group, the MEP provides lower record-keeping costs. TIAA also provides participant statements and a participant call center. TIAA PlanPilot Advisory Services is an ERISA 3(38) fiduciary retirement plan manager. They have created a custom target date model and provide ongoing fund oversight. PlanPilot HUB provides participant education via in-person or virtual meetings, as often as needed. This improves participant access to high qualitiy retirement planning. HUB PRM is a Human Resources consulting firm that monitors the performance of all other service providers. PRM uses participant and plan administrator surveys, along with industry standards to evaluate performance. People Really Matter There are 16 campuses fully implemented into the MEP. The HR directors at those schools collaborate with each other to optimize plan features and oversight. Participating Campuses Pentegra serves as the 3(16) fiduciary or Third- Party Administrator. They file the shared form 5500, provide necessary information to plan auditors and manage plan compliance. Pentegra By combining assets, the MEP achieves lower record-keeping costs through economies of scale. Those savings are used to pay the costs of the service providers. The colleges in the MEP file one 5500, conduct one audit and receive continuous support of onboarding, file uploads, and compliance oversight. This shared service model lightens the HR workload and cuts plan management costs. Even after reinvesting in enhanced services, colleges still save an average of $30,000 annually. How the MEP Works ICINDIANA.ORG LAURA BRIDGES, MLD VP & COO [email protected] 317-236-6084

MULTIPLE EMPLOYER RETIREMENT PLAN TIAA is the MEP plan record keeper. As a group, the MEP provides lower record-keeping costs. TIAA also provides participant statements and a participant call center. TIAA PlanPilot Advisory Services is an ERISA 3(38) fiduciary retirement plan manager. They have created a custom target date model and provide ongoing fund oversight. PlanPilot HUB provides participant education via in-person or virtual meetings, as often as needed. This improves participant access to high qualitiy retirement planning. HUB PRM is a Human Resources consulting firm that monitors the performance of all other service providers. PRM uses participant and plan administrator surveys, along with industry standards to evaluate performance. People Really Matter There are 16 campuses fully implemented into the MEP. The HR directors at those schools collaborate with each other to optimize plan features and oversight. Participating Campuses Pentegra serves as the 3(16) fiduciary or Third- Party Administrator. They file the shared form 5500, provide necessary information to plan auditors and manage plan compliance. Pentegra By combining assets, the MEP achieves lower record-keeping costs through economies of scale. Those savings are used to pay the costs of the service providers. The colleges in the MEP file one 5500, conduct one audit and receive continuous support of onboarding, file uploads, and compliance oversight. This shared service model lightens the HR workload and cuts plan management costs. Even after reinvesting in enhanced services, colleges still save an average of $30,000 annually. How the MEP Works ICINDIANA.ORG LAURA BRIDGES, MLD VP & COO [email protected] 317-236-6084