Wednesday, May 26th, 2021 A biweekly topical newsletter from PLANADVISER PEPs, MEPs and PPPs 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. Compliance Consult Wanta Be a PPP? Advisers can find many ways to serve pooled employer plans. Regulatory & compliance | administration How to Choose a PEP As pooled employer plans go live, advisers assume a new guiding role. Compliance Complementary ‘SECURE 2.0’ Legislation Introduced in Senate The introduction of the Improving Access to Retirement Savings Act could be a key step toward eventual passage of retirement reforms that build on the momentum of the SECURE Act. Compliance House Ways and Means Committee Passes SECURE Act 2.0 The markup hearing, punctuated by a unanimous vote to advance the legislation, demonstrated that retirement security issues are capable of bringing together members of Congress who don’t agree on much else. 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. Compliance 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. Practice Management Pooled Employer Plans and 3(38) Fiduciary Advisers One provider getting ready to launch a SECURE Act-enabled pooled employer plan on January 1 says he is already in conversation with advisers about combining 3(38) fiduciary oversight with PEP recordkeeping and administration. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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