For whom is a "MEPP" most appropriate?

A "MEPP," or Multi-Employer Pension Plan, is particularly suitable for employees of non-affiliated companies due to the nature of such plans. These plans allow multiple unrelated employers to contribute to a single pension fund, which can provide greater stability and investment power compared to individual plans. Employees from non-affiliated companies benefit from a MEPP because it allows them to have access to a pension scheme that might otherwise be unavailable to them if they worked for smaller or independent firms that couldn’t support a single-employer plan.

This collective approach helps spread the risk and costs associated with pension benefits, enabling employers to offer more robust retirement savings options for their employees while also addressing workforce mobility issues. Employees of affiliated companies might have more tailored retirement solutions within their organization's own plans, sole proprietors typically do not have access to such employer-based plans, and members of Parliament operate under different pension provisions specific to their roles. Thus, employees of non-affiliated companies are the primary beneficiaries of a MEPP.