10 considerations for employers when choosing a PEP – BenefitsPro


Employers interested in joining one will need to carefully assess several factors according to the American Academy of Actuaries.

various colored ice cream scoops (Photo: Shutterstock)

We can expect quite a few Pooled Employer Plans (PEPs) to be available this year, and employers interested in joining one will need to carefully assess certain essential information about the plans they are considering before signing on the dotted line, according to the American Academy of Actuaries.

The new class of workplace retirement savings vehicles was created by the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019. The goal of the legislation was to increase the availability of retirement savings plans to the nearly half of American workers who don’t have access to a plan at work. Many of those workers are employed by small businesses who don’t sponsor plans due to cost, liability concerns and administrative burden.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.

Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account? Sign In Now