Discover The Prevailing MEP
The Prevailing Multiple Employer Plan (Prevailing MEP) provides corporate and governmental employers a comprehensive, versatile, and unique retirement solution. The Prevailing MEP allows employers to tailor their plan specifications to fit their needs and desires while divesting themselves of the fiduciary liabilities inherent in qualified retirement plans. Additionally, participating employers are relieved of their responsibilities concerning such issues as annual audits, tax (Form 5500) filings, and investment option selections. As a multiple employer plan, the Prevailing MEP enjoys significant economies of scale thus resulting in an efficient, cost effective, and professionally managed platform.
Fiduciary Liability Transferred
Fiduciary concerns stand at the forefront for many retirement plan sponsors. Most industry providers offer little or no fiduciary support to plan sponsors. Those that do usually restrict it to the selection, monitoring, and replacement of investment options within the plan. This limited approach covers only a portion of fiduciary compliance.
The Prevailing Multiple Employer Plan eliminates employer fiduciary liability because these liabilities are retained by the plan sponsor – Prevailing Asset Management. Employers “adopt” into the MEP and are thus adopting employers, not plan sponsors. Prevailing Asset Management partners with a small group of vetted firms specializing in the retirement plan industry to ensure that it is fulfilling all duties and responsibilities as described under ERISA. All named fiduciaries of the Prevailing Multiple Employer Plan are subject to a Duty of Loyalty to all adopting employers, participants and their beneficiaries. This Duty of Loyalty mandates:
• Full and fair disclosure of all material facts, including fees

• Avoiding Conflicts of Interest
• Full disclosure and fair management, in the plan participants’ favor, any unavoidable conflicts
Cost Effective
The Prevailing MEP is a “soft dollar” plan – all costs and associated fees are deducted from plan assets. Adopting employers will not receive bills for startup fees, audits, end of year Form 5500 preparation, administration, or normal discrimination and participation testing. Additionally, the MEP design affords us the opportunity to leverage significant economies of scale thus resulting in a further reduction of expenses. The plan has neither a minimum nor a maximum number of participants per adopting employer. As such, this plan is available to the sole proprietor, the major corporation, and everyone in between.
Investment Planning and Advice
Investment planning and advice is extremely important, especially in these volatile times. Prevailing Asset Management has partnered with Novus Advisors, nationally, and SES Services locally to provide such help to plan participants. Their registered financial advisors can help you structure a personalized portfolio or you can choose to utilize their professionally managed asset allocation models. They are also available to advise you on advanced planning situations such as estate and trust planning, executive benefits, or any other type of needs that may arise.
