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.

Multiple Employer Defined Benefit Services

• Consult on actuarial matters
• Prepare Form 5500, PBGC forms and other IRS/DOL disclosures
• Project future cost
• Calculate participant benefits
• Allocate asset values per employer if master trust account is not used
• Calculate defined benefit contributions for each employer
• Develop  an employer withdrawal methodology
• Staff a call center for administrative services
• Host a consolidated web design for the defined benefit and 401k profit sharing plans

Multiple Employer 401k Profit Sharing Services

• Provide full open architecture for fund choices
• Provide transparent fee disclosure
• Prepare electronic and paper participant statements
• Prepare Form 5500 and other IRS/DOL disclosures
• Consult on plan design and legal matters
• Host a consolidated web design for both  the defined benefit and 401k profit sharing plans

Why Nyhart?

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.

Dedicated teams, direct access

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.

Ask Nyhart

Do you have a multiple employer plan question? Please call us at (317) 845-3500 or email us at connect@nyhart.com today and we will be in touch quickly.