Products September 19th, 2024 Vestwell Partners With Commonwealth, FuturePlan to Launch PEP The new pooled employer plan is called the Gateway 401(k) Plan.
Compliance July 10th, 2024 NPPG Touts SEC Registration for Administering PEPs Pooled plan provider NPPG advocates for registration if there is 3(38) investment selection responsibility, but a PEP expert argues it...
Products February 22nd, 2024 Hub Launches Retirement Select PEP The new PEP is designed for clients with fewer than 100 employees.
Compliance January 5th, 2024 How SECURE 2.0’s Automatic Features Apply to MEPs, PEPs The IRS provided clarification about ‘grandfathered’ plans, and the DOL announced Form 5500 updates that include Schedule DCG.
Client Service August 29th, 2023 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...
Products July 28th, 2023 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...
Client Service June 28th, 2023 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.
Products June 16th, 2023 Ameritas Launches PEP The pooled employer plan solution will be available on Ameritas’ flexible retirement plan platform.
Compliance June 15th, 2023 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.
Compliance February 24th, 2023 DOL Updates Form 5500 for 2023 This year’s changes include reporting modifications for PEPs and small plans.
Products January 31st, 2023 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...
In Practice December 20th, 2022 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...
Compliance March 29th, 2022 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...
Trends PEPs’ Predicted Growth Advisers ‘on the fence’ may have several reasons to change their minds.
Compliance April 23rd, 2021 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.
The Markets April 16th, 2021 Once They Catch On, PEPs Could Grow Exponentially The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at...
Compliance News Legislative and Judicial Actions The DOL presents its final ESG rule, IRS simplifies certain 403(b) plan terminations, and more.
Products December 10th, 2020 Paychex Introduces a Pooled Employer Plan The firm says the PEP will reduce fiduciary liability for employers.
Products November 16th, 2020 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.
Compliance November 12th, 2020 DOL Announces Registration Requirements for Pooled Plan Providers The rule implements the registration requirements for PEPs pursuant to the SECURE Act