Tag: pooled employer plans

The firm says the PEP will reduce fiduciary liability for employers.

The pooled employer plan that will launch in 2021 is for small and mid-sized employers.

With its PEP, the firm plans to simplify plan administration and reduce fiduciary risk to help more businesses offer a retirement plan.

The rule implements the registration requirements for PEPs pursuant to the SECURE Act

The consultant has selected Empower Retirement as a recordkeeper for its outsourced 401(k) solution as well as for the intended pooled employer plan.

Financial advisers and professionals explain what they are hearing from clients and what they anticipate for the upcoming year.

Lockton announced in August that its new outsourced administrative responsibilities (OAR) practice will make PEPs the first order of business.

Smart says it supports advisers of all sizes and that its platform also facilitates the use of lifetime income in retirement plans.

Many say they think the pooled employer plans authorized under the SECURE Act will open more doors for small businesses.

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...

The SECURE Act allows pooled plan providers to start operating pooled employer plans beginning on January 1, 2021, but providers must register before operations can begin.

Bradford P. Campbell, with Drinker Biddle, recently discussed specific requirements for open MEPs, now called pooled employer plans (PEPs), included in the SECURE Act.

The consensus in early commentary is that the new House proposal appears to closely align with bipartisan legislation with potential majority support in the Senate.