Smart Widens Fiduciary Services, Including for Pooled Employer Plans
Smart is joining the push into PEPs with an offering geared toward advisory firms and providers such as recordkeepers, asset managers and TPAs.
Voya Brings Pooled Employer Plan Option to 403(b) Plans
The firm calls its Secure Retirement 403(b) PEP the first to market, following a years-long push for PEPs in the private 401(k) space.
Vestwell Expands MEP and PEP Solutions
Vestwell's new offerings include a range of “affordable 401(k) plan options” for advisers to provide small and medium-sized business clients.
Ameritas Launches PEP
The pooled employer plan solution will be available on Ameritas’ flexible retirement plan platform.
DOL Says to Expect Fiduciary Proposal in August
The new rule would seek to redefine when investment advisers for plans and IRAs are 3(21) fiduciaries.
DOL Updates Form 5500 for 2023
This year’s changes include reporting modifications for PEPs and small plans.
Morningstar, PAi Follow DOL Rule with ESG-Driven Pooled Employer Plan
Third-party administrator PAi has teamed up with Morningstar to offer small and medium-sized businesses an employer retirement plan with an ESG overlay.
Retirement Advisers Increasingly Want PEP Option in Toolbox
Pooled employer plans are still a nascent offering in the retirement market, but an increasing number of advisers want them available as an option and discussion point—even if they’re not recommending them.
Notice of Proposed Rulemaking Updates MEP ‘One Bad Apple’ Rule
New regulations would apply to multiple employer plans that are either maintained by employers that have a ‘common interest’ or have a ‘pooled plan provider.’
PEPs’ Predicted Growth
The Different Approaches to Expanding Retirement Plan Access
Already, state-run plans, PEPs and moves to expand access to SIMPLE plans are making a difference, experts say.
Once They Catch On, PEPs Could Grow Exponentially
Legislative and Judicial Actions
Paychex Introduces a Pooled Employer Plan
The firm says the PEP will reduce fiduciary liability for employers.
Principal to Launch Pooled Employer Plan
With its PEP, the firm plans to simplify plan administration and reduce fiduciary risk to help more businesses offer a retirement plan.
DOL Announces Registration Requirements for Pooled Plan Providers
The rule implements the registration requirements for PEPs pursuant to the SECURE Act
Retirement Industry Experts See Tremendous Promise for PEPs
Many say they think the pooled employer plans authorized under the SECURE Act will open more doors for small businesses.
Stakeholders Want More Substantive PEP Guidance from DOL
Though they applaud the direction the Department of Labor is taking, expert ERISA attorneys say a new proposed rule does not sufficiently explain how pooled employer plans can be structured like existing multiple employer plans.