The Blue Ocean 401(k) Plan Design

Blue Ocean 401k is an approved Multiple Employer Plan (MEP) that dramatically reduces fiduciary liability for employers.

A MEP pools many employers for investment and recordkeeping functions to reduce cost. We alleviate the business owner from all the administrative matters that increases cost and staff time.

Although the MEP pools many plans for cost containment, Blue Ocean allows employers to custom design their plan. This means every employer can choose their own eligibility, vesting, matching or profit sharing contributions.

Our investments are managed by Vanguard Mutual Funds and our Target Dates fund are through TIAA.

Our administrative and compliance support is through Benefit Equity Inc., a nationally known TPA established in 1989.