A PEP is a revolutionary retirement vehicle that combines the strength of multiple unrelated employers into a single, streamlined plan. It operates much like traditional single-employer retirement programs but with one significant advantage: the majority of administrative and fiduciary duties are expertly managed by a pooled plan provider.
Delegating the complexities of retirement planning allows you to focus on what you do best – running your business.
PEPs provide peace of mind by ensuring that your fiduciary responsibilities are met, and your plan remains compliant with ever-changing regulations.
Enjoy better pricing and access to a wider range of investment options, typically only available to larger plans.
Enjoy better pricing and access to a wider range of investment options, typically only available to larger plans.
Simplify your administrative tasks with a single Form 5500 and audit for all participating employers.
PEPs are designed for businesses that:
Struggle with stretched resources and a need to offload administrative work.
Are smaller to midsized employers in search of comprehensive retirement plan services.
Seek to limit liability by outsourcing responsibilities.
Have limited knowledge or experience with retirement plans.
Employers who opt for PEPs can significantly reduce the time and resources allocated to retirement plan management, compliance, and governance. By outsourcing critical tasks like regulatory filings and plan audits to the plan provider, your HR team can focus on what matters most: encouraging savings, reducing workload, and maximizing fiduciary protections.
In this evolving landscape, PEPs can empower your business to offer a robust retirement plan without the complexities and risks traditionally associated with it. Embrace PEPs as a way to encourage savings, reduce HR workload, and maximize fiduciary protections. Contact us today to discover how Pooled Employer Plans can transform your retirement benefits program and support your employees in securing their financial futures.
In the changing world of HR and retirement planning, PEPs are your path to simplified, efficient, and secure retirement benefits.
