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Wednesday, December 14th, 2022
A biweekly topical newsletter from PLANADVISER
Small Plans and Expanding Coverage
The defined contribution retirement plan industry has come a long way in the past few decades, growing to cover a sizable portion of the U.S. working population at the same time that pension plans have declined in prevalence. One of the clear challenges that remain, as explored in this edition of the PLANADVISER Spotlight newsletter, is expanding DC plan coverage to the small business community—and ensuring access to high-quality financial services support for communities of color and other underrepresented groups.
PRACTICE MANAGEMENT
Fintech SMB Plan Providers Saw Growth in ’22 On Low-Fees, State Mandates
Firms offering low-cost smaller company retirement plans say business is booming despite market volatility, but opinions are mixed on how impactful SECURE 2.0 would be for small business uptake.
DATA & RESEARCH
Assets in Aon PEP Pass Milestone
Aon has gathered significant retirement assets in pooled employer plans and has urged Congress to extend PEPs to 403(b) plan sponsors.  
PRODUCTS
Scaling for the Future
A SEP plan or SIMPLE can be a bridge to a traditional DC plan.
PRACTICE MANAGEMENT
Small and Medium Businesses Driving NQDC Plan Growth
Small-to-medium-sized businesses are increasingly turning to nonqualified deferred compensation plans amid a competitive market, according to data and industry players.
COMPLIANCE
DOL: Plan Sponsors in PEPs Don’t Necessarily Need to Purchase Fidelity Bond
The department of labor clarified in a response letter some of the responsibility and costs that plan sponsors can offload or avoid when joining a pooled employer plan.
PRACTICE MANAGEMENT
PEPs’ Slow Growth
Economic distractions and alternative options have lessened the uptake.
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