Pooled employer plans aim to lower plan costs, improve access to innovative investment management, and transfer administrative and fiduciary burdens to a third-party. Is this what employers have been waiting for?
Plan sponsors can find themselves in a challenging environment if they lack the time and resources it takes to effectively manage their retirement plan. Pooled Employer Plans (PEPs) allow plan sponsors to pool their retirement resources with those of other employers and delegate most plan responsibilities to a third-party.
Pooling resources with those of other employers may allow organizations to:
At Mercer, we are working with plan sponsors throughout the country, helping them evaluate potential benefits and drawbacks of PEPs or other outsourcing options, and determine whether they may present a viable, more cost-effective alternative to their current plan structures—and we’d love to talk with you, too.
Learn more about Mercer Wise PEP.
We’d be happy to set up a free consultation or send you more information to get you started.