Wednesday, November 24th, 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! Products July CEO Sees Promise in the PEP Marketplace While there is still a learning curve when it comes to advisers understanding their role in the pooled employer plan marketplace, providers entering the space say the future is bright. Compliance 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. 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. Practice Management Practice Progress: Development of PEPs in 2021 The creation and operation of collective retirement plans has historically been a complicated affair, and while the SECURE Act has simplified key aspects of the process, some significant questions and challenges remain. Practice Management Gig Workers and PEPs—Coverage Lessons From the UK One established provider of pooled employer plans in the United Kingdom says the promise of PEPs is big here in the U.S., but they might not be the ticket for solving the entire coverage gap, especially for gig workers. Uncategorized Once They Catch On, PEPs Could Grow Exponentially The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at the prospect of expanding retirement coverage, sources say. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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