Within the category of Construction Industry Multiemployer Pension Plans (MEPPs), there can be variations in plan design and structure to accommodate the specific needs of the construction workforce and employers. While the basic framework remains similar, different plans may have unique features or characteristics. Here are some types of Construction Industry MEPP Plans: Construction Industry […]

Hybrid plans are a category of retirement plans that combine features of traditional defined benefit (DB) and defined contribution (DC) plans. These plans aim to provide some of the benefits of both while managing some of the drawbacks. Hybrid plans offer greater flexibility and cost predictability for employers, and they can provide retirement income security […]

Annuities are financial products that provide a series of regular payments made at equal intervals. They are typically used as a form of retirement income or to provide a guaranteed stream of payments for a specified period. Annuities can be purchased from insurance companies or financial institutions and come in various types, each with its […]

Multiemployer Pension Plans (MEPPs) are retirement benefit programs established through collective bargaining agreements between labor unions and multiple employers within a specific industry or geographic area. These plans are designed to provide retirement income security for unionized workers who may change employers within the same industry or participate in part-time or seasonal work. Here are […]