Michigan Chamber Multiple Employer 401(k) Plan
Competitive Advantage. Businesses can utilize this program to enhance their benefits package to attract and retain quality employees.
Save Money. The MiMEP can negotiate lower fees from service providers based on large participants numbers and account balances.
Save Time. Our team of financial experts will complete the necessary paperwork and handle all the administrative details.
Create Efficiencies. Operational, transactional, and reporting functions are transferred to a third-party, thereby reducing fiduciary and financial risk.
As a small business owner, who is looking to attract and retain quality employees, you look for resources that will give you a competitive advance and allow you to provide financial stability to your workforce.
Retirement Plan Conversion Completed in 15 Days
The provider of a corporate retirement plan for a Tri-Star client was selling its business to a new provider out of state, but the client wanted to keep its retirement plan managed locally. The conversion to Tri-Star’s 401(k) Plan had to be accomplished within 21 days (rather than a typical 60 days) to avoid a costly and time-consuming two-step process. Tri-Star’s Employee Benefits Team stepped up to the challenge. Not only did we meeting the accelerated deadline, the conversion was completed with six days to spare.