The MediGroup Member 401(k) Program
MediGroup has partnered with Lincoln Financial Group and Stauros Financial to offer a brand-new Multiple Employer 401(k) Program (also know as a “MEAP” plan). By joining the MediGroup MEAP, employers may save time, money and have less administrative work, all while offering employees a valuable benefit which can aid retention! Whether you have an existing plan or are looking to start one, joining the MediGroup MEAP may be the answer you are looking for.
Lincoln Financial Group is a diversified financial services organization with a strong focus on four core business areas — life insurance, annuities, defined contribution, and group protection; and multiple distribution platforms. Since 1905, Lincoln Financial has helped customers face their futures with confidence by offering trusted financial solutions and advice.
Watch the video below to see how a MEAP program may benefit your practice.
What is a Multiple Employer Aggregation Program (MEAP)?
A Multiple Employer Aggregation Program (MEAP) is a group 401(k) program designed for and made available by an organization to their members and clients. The “Program” is designed to gather the plan’s important administrative, record-keeping and fiduciary services to be overseen by a third party, which allows the plan sponsors who participate to outsource most of their fiduciary responsibilities and liabilities.