With the recent guidance issued by the Department of Labor (DOL), third party administrators and financial advisors are going to scramble and try to find a multiple employer plan (MEP) solution that will fit their needs and the needs of clients/potential clients.
As with anything in this business, there are solutions out there and there will be solutions out there. Unfortunately, many of the solutions out there are too high in costs or not a good fit, which defeats the whole purpose of having a MEP in the first place.
Check commercial here, but my podcast co-host Dan Venturi and I are developing a MEP solution for third-party administrators, record-keepers, financial advisors, and other plan providers interested in this space. You know where to reach me.