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 The Premier Trust multiple employer plan has been designed to provide simplicity for retirement plan sponsors and their employees. Assuming you provide the correct census data and make timely deposits to your retirement plan, this option eliminates all of the fiduciary responsibility for the Plan Sponsor. By joining this established multiple employer plan, you ‘rent’ rather than own your plan and receive all of the benefits of a company sponsored retirement plan with none of the risks or administrative burdens. All of the work and risk is transferred to the professional fiduciary on the plan who, under ERISA law, becomes the plan administrator.
 A New Future
If you are an employer wanting to opt out of running your own retirement plan, and instead, join a plan run by retirement plan professionals, you are not alone. With this multiple employer plan, employers no longer have to sponsor a retirement plan for their employees. Instead, they simply join the plan as an “adopting employer”. Employers enjoy all the benefits of a professionally run retirement plan without all the headaches of a traditional plan. This is the beauty of the “rent vs. own” concept of the multiple employer plan. |
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