Destel-Bergen Corporation

Multiple Employer Plans
A multiple employer plan is a plan sponsored by two or more employers where at least two of the sponsoring employers are not part of a controlled group or affiliated service group. Multiple employer plans are most commonly used by PEOs (professional employer organizations), which are organizations used for the outsourcing of payroll, workers' compensation, human resources and employee benefits administration. These organizations will almost always offer retirement plan benefits to its clients by allowing them to become employer sponsors of their multiply employer plan. This plan will usually take the form of some type of defined contribution 401(k) plan.

Any group of unrelated businesses can co-sponsor a multiple employer plan. A big advantage to a multiple employer plan is the cost savings that it can provide to the individual businesses participating in the plan versus each business setting up their own individual plan.

Destel-Bergen Corporation is the third party administrator for a multiple employer plan called the Pension Transfer Trust Plan. The Pension Transfer Trust Plan has the unique characteristic of allowing plan participants to invest in qualifying employer securities, which is stock of the employer sponsoring the plan.

For more information on the Pension Transfer Trust Plan, please visit the website of the plan's principle plan sponsor, Pension Transfer Advisors, Inc.

A multiple employer plan can also provide investment professionals and other service providers with a low cost retirement plan solution to present to prospective clients. If you are interested in setting up a multiple employer plan please contact the DBC office.