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?
A key feature of the SECURE Act is the establishment of Pooled Employer Plans (PEPs), which allow plan sponsors to pool their retirement resources with those of other employers and delegate most running-the-plan responsibilities to a third party.
While grouped employer plans have been in existence long before the SECURE Act authorized PEPs, Mercer believes that the pandemic will serve as the catalyst for many plan sponsors to transition to pooled structures.
We’d be happy to set up a free consultation or send you more information to get you started.