Create a Stronger Retirement Benefit for Your Employees

Maximize your plan and better manage your budget, resources, and administration with our Multiple Employer Plan (MEP).

A competitive retirement plan is a crucial part of your benefits package, but it can be difficult to handle the plan cost, administrative labor, and fiduciary exposure. The demands on your time can range from keeping up with tasks related to maintaining plan compliance and managing costs to selecting and monitoring the funds in the investment menu.

With the ABACC Multiple Employer 403(b) Plan (MEP), you can tackle all these challenges by teaming up with other employers to deliver retirement plan services.

Why Join the ABACC MEP?

  • Outsourced fiduciary relief and elevated oversight 
  • Potential cost savings
  • Simplified plan administration
  • Improved participant outcomes
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This resource is for current ABACC institutional members only.

Pentegra Retirement Services
Prime Capital Financial
Teachers Insurance and Annuity Association of America (TIAA)

Meet Your MEP Team—They Work for You

Our strength comes from the support of the different service providers. With each of them bearing some responsibility for managing your retirement plan, you’re free to focus on other programs that are beneficial to your employees. By coming together, all ABACC MEP institutions have access to a team of highly regarded and experienced providers:

  • Pentegra Retirement Services

    Pentegra is the ERISA 402(a) named fiduciary and ERISA 3(16) plan administrator, responsible for the day-to-day operations, administration, and ongoing compliance of the plan.

  • Prime Capital Financial

    Prime Capital Financial is the ERISA 3(38) investment manager, responsible for the selection and monitoring of the funds in the investment menu. They are also responsible for providing ongoing education, help, and advice to plan participants, including on-campus education services and individual financial planning meetings.

    Access some “fast facts” about Prime Capital Financial’s retirement services.

  • TIAA

    TIAA is the plan recordkeeper that collects and allocates contributions, executes transactions, and provides plan reporting for compliance and regulatory requirements. They offer more than 100 years of experience in financial reporting and plan sponsor and participant services.

A 403(b) Multiple Employer Plan (“MEP”) is a special type of retirement plan in which colleges and universities that have a common interest join together to pool their purchasing power within a single plan. A MEP is created by a group of colleges and universities through an association who want to share the costs and burdens of providing a retirement plan for their employees.

MEPs are designed to make it easy to offer a 403(b) retirement plan by simplifying plan administration, delivering professional fiduciary oversight, and offering economies of scale that make it possible for colleges and universities of all sizes to offer a comprehensive retirement program to attract, reward, and retain talented employees