no goal is too big when you have the right plan

A multiple employer plan (MEP) is a qualified retirement plan maintained by two or more employers who are not related under control groups, trades, businesses under common control or affiliated service groups. A participating employer (PE) is any employer that participates in the MEP. As plans join the MEP, plan assets remain separate but, allow for greater buying power. The MEP still provides some flexibility and customization in design while providing greater efficiencies in the management and administration as a MEP.

The Ekstra 401k MEP provides greater fiduciary protection for you. Ultimately the plan participants benefit the most.

The Chart below identifies the similarities and differences between a MEP and a traditional retirement plan as well as the benefits available to the participating employers (PE) inside the MEP.

Same

Different

Benefits

What makes The Participant First 401k MEP by Ekstra so much better?

Ekstra protection — Tired of being told you're a fiduciary?

Delegation doesn't change or limit your 401k liabilities and is commonly referred to as a co-fiduciary relationship. We are the named fiduciary so that liability and responsibility falls squarely on us — not you.

Ekstra savings through economies of scale.

By design, the Ekstra 401(k) MEP is structured to help small and medium-sized plans achieve the same economies of scale as larger plans. The Ekstra difference is that those efficiencies mean more money stays in the participant's accounts. Over time, that will greatly improve participant retirement outcomes.

Ekstra time to focus on your core business.

The Ekstra 401(k) MEP eliminates most of the day-to-day burdens that come with a 401(k) plan — leaving you with very little to do. You'll continue to submit contributions and provide employee data which typically can be automated. That means more time to focus on building your business.

Ekstra expertise with a world class team!

Ekstra brings together a team of the best of the best — to ensure your 401k is world-class! All this and more at a fraction of the cost of typical 401(k) plans.

The Participant First 401(k) MEP by Ekstra is transparent, secure and efficient!
Because it's a MEP, it's more affordable That's why participants do better with us.
That's Ekstra!

We are the named 402(A) fiduciary and ERISA 3(16) Plan Administrator

Get the Ektra advantage!

Your retirement, our obsession

We select service providers that demand quality of themselves, thrive in a team model and are focused on safety, transparency and efficiency. Nothing less is acceptable.

ERISA 3(16)

ERISA 3(38)

ERISA 402(a)

Plan sponsor

Our team!

The Ekstra 401k MEP brings together a team of retirement plan specialists to operate and provide a best in class solution for your retirement plan. Our unique participant first approach is designed to achieve better retirement outcomes than available from anyone else.

Fiduciary Wise has been selected to be the ERISA 402(a) Named Fiduciary and 3(16) Plan Administrator. They are an independent fiduciary and will oversee both the operation and administration of the plan.

Nationwide Financial has been selected as the plan record-keeper. The Nationwide platform empowers participants with access to a wide range of investment choices they want and need through a secure, broad and flexible platform that is unique to them alone in the 401(k) market.

InWest Retirement Solutions will provide the Third Party Administration (TPA) services. They are responsible for the plan's compliance, testing and submission of required plan documents to the necessary regulatory agencies.

The Dayton Company, Inc is the plan's ERISA 3(38) Investment Fiduciary. The investment fiduciary is responsible for selecting, monitoring, and making any necessary changes to the investment lineup in accordance to the plan's investment policy statement.

Counsel Trust will be the Institutional Trustee for the plan.

Planalytiq, Inc is a 401(k) analytics firm that will measure and document the transition from your current plan and service providers to ensure that decision is in the best interest of plan participants.

Financial Wellness is provided by SmartDollar.

Flexible Investment Advice for participants. Each participant has the option to work with the investment advisor they prefer. This allows participants to work with an advisor who is familiar with their unique and personal investment goals. Independent advisor fees may be paid from the participant's plan assets upon request. There is no plan designated participant investment advisor in order to provide this extraordinary opportunity for plan participants.

You + Ekstra
Say goodbye to being a fiduciary!