Unrelated employers are allowed to pool resources and form pension or 401(k) profit sharing plans in a commingled trust. This type of plan is called a multiple employer plan. These plans require a level of expertise that is not commonly found in most actuarial or 401(k) administration firms.
Nyhart can administer and consult with respect to both defined benefit and 401k profit sharing multiple employer plans. Currently, we administer and consult to some of the largest multiple employer plans in the Midwest. Nyhart also provides consolidated services to brother and sister retirement plans in the multiple employer arena, by consolidating websites and statements.
Nyhart provides actuarial and administrative services to some of the largest multiple employer plans in the country. We have reduced administrative complexity and provided cost effect services to clients throughout the Midwest.
Each client at Nyhart has a dedicated team of actuaries, plan advisers and support staff. We provide you direct access to your team so your questions and issues can be handled confidentially by a team who knows your pension and 401k plan and can help resolve your issues.
Do you have a multiple employer plan question? Please call us at (317) 845-3500 or email us at firstname.lastname@example.org today and we will be in touch quickly.