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Wednesday, February 24th, 2021
A biweekly topical newsletter from PLANADVISER
pooled employer plans
Some in the retirement plan industry believe multiple employer plans (MEPs) and pooled employer plans (PEPs) will be transformational in the 401(k) space and lead to better outcomes for virtually all stakeholders. Some even argue PEPs, in particular, could eventually render single employer plans and MEPs much less valuable to employers and their people. Collected below is a series of articles on this important and evolving topic. We hope you share some of what you read with a client or colleague, and we encourage you to let us know what you think about MEPs, PEPs and PPPs. 
How to Choose a PEP
Although the plans are intended to help small employers access an affordable retirement plan, industry experts expect that midsize companies may also see PEPs as a viable option, due to their lower costs and the ability to offload fiduciary responsibilities, says Karen DiStasio, vice president, retirement consulting services at Commonwealth Financial Network in Boston.
Coca-Cola Bottlers’ Association MEP Faces ERISA Complaint
The $800 million retirement plan in question is used by participants dispersed across 65 independent U.S. Coca-Cola bottlers.
Familiar Fiduciary Concerns Voiced as PEP Market Takes Shape
As with any type of innovation, it should be expected that the architecture, structure and governance of PEPs will likely change over time.
Attorneys Offer Closer Reading of DOL’s Open MEP RFI
Advisers and broker/dealers hoping to work with open multiple employer plans now have a short window to offer their perspectives to the Department of Labor and the Internal Revenue Service.
How Advisers Serving MEPs and PEPs Can Be Conflicted
The most obvious potential conflict of interest for advisers setting up or serving pooled employer plans is if their practice is affiliated with the investments being selected—but there are other potential pitfalls to acknowledge.
Service Launches to Help Plan Advisers Evaluate PEPs, PPPs offers three levels of service, from access to a database about pooled plan providers and their pooled employer plans to a full request for proposals process.
Client Service
Client Considerations as PEPs Come Online
Sources say advisers should expect more questions about pooled employer plans as the year unfolds and this new marketplace develops.
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