Main Office:
Qualified Plan Consultants
Aurora Business Park
Gemini Building
4348 114th Street
Des Moines, IA 50322
Phone: (515) 222-0980
Fax: (515) 252-0980
Toll-Free: (866) 248-0974
Omaha, Nebraska Office:
11920 Burt Street, Ste. 195
Omaha, NE 68154
Phone: (402) 392-8100
Fax: (402) 392-8103
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 Multiple-Employer 401(k) Plans
For PEO’s (Professional Employer Organizations) or Associations
Professional Employer Organizations (PEO’s) or associations that wish to set up a single plan to benefit two or more unrelated employers, may set up a Multiple-Employer 401(k) Plan. Qualified Plan Consultants, LLC has highly specialized knowledge in this unique area of 401(k) plan administration.
(Qualified Plan Consultant’s principals, Tom Lastuvka and Mick Fouts, maintain a booth at the Annual NAPEO2 Conference, and the firm is an Associate Member of NAPEO.)
How a Multiple-Employer 401(k) Plan Benefits PEO’s and Their Co-Employers3 (including Associations and Their Member Companies)
PEO Advantages
Professional Employer Organizations benefit by:
- Increased client retention of co-employers.
- Possibly creating a profit center for the PEO.
- Offering another outsourced employee benefit to their co-employers.
Co-Employer Advantages
The PEO’s client companies (i.e. Co-Employers) benefit by:
- Greatly reduced administrative burdens.
- Reduced costs due to PEO handling all plan document and administration issues.
- Investment economies of scale due to pooling many employers in a single plan.
1 TPA is a Third Party Administrator
2 NAPEO is the National Association of Professional Employer Organizations
3 Co-Employer is an employer who has hired a PEO to provide payroll and benefits for its employees |
