A Smarter Way to Offer Retirement Benefits
Multiple Employer Aggregation Program (MEAP)
The Putnam County Chamber of Commerce is proud to offer businesses access to a Multiple Employer Aggregation Program (MEAP)—a qualified retirement plan that allows multiple employers to participate under a single, association-sponsored program. By consolidating key administrative, recordkeeping, and fiduciary responsibilities under experienced third-party professionals, a MEAP helps employers reduce the time, complexity, and potential costs associated with managing a retirement plan while continuing to provide a valuable benefit to their employees.
Why Join a MEAP?
Business owners consistently tell us they want a retirement plan that is simple, affordable, and easy to manage. A MEAP is designed to do exactly that.
Stay Focused On Your Business
Your Challenge: You want to grow your business—not become a retirement plan expert.
How a MEAP Helps: The program handles many of the day-to-day administrative responsibilities, including processing regular contribution files and managing much of the plan administration, allowing you to focus on running your business.
Reduce Administrative Risk
Your Challenge: You want to minimize the risk of compliance issues, penalties, and unnecessary administrative burdens.
How a MEAP Helps: While employers retain their fiduciary responsibilities, many of the complex compliance, recordkeeping, and administrative functions are managed by the program’s dedicated service providers. Your primary responsibility becomes overseeing the program to ensure it continues to meet your organization’s needs.
Maximize Value
Your Challenge: You want a competitive retirement plan without paying more than necessary.
How a MEAP Helps: By leveraging the purchasing power of multiple participating employers, a MEAP can often provide enhanced services at a cost that is comparable to—or even lower than—a standalone retirement plan. As the program grows, pricing is reviewed regularly to help ensure participants continue receiving exceptional value.
Offer a Better Retirement Benefit
Providing a quality retirement plan can help you attract and retain talented employees while supporting their long-term financial well-being. Through the Putnam County Chamber of Commerce MEAP, your business can offer a professionally managed retirement solution without the complexity of administering a plan on your own.
Ready to Learn More?
Contact the Putnam County Chamber of Commerce to discover how a MEAP can benefit your business and your employees.
