Ameritas, a mutual insurance company, announced last week that it’s now offering a pooled employer plan that’s available on its retirement platform.
Ameritas will serve as record keeper for the PEP. TRG Fiduciary Services will serve as plan provider, and LeafHouse Financial will select and monitor the plan’s investments as its 3(38) investment fiduciary.
The 2019 SECURE Act made it easier for unrelated small companies to participate in a common retirement plan. And PEPs have gotten a boost in recent years as states enacted auto-IRA measures that require smaller employers to provide retirement plans.
“Our PEP gives small and midsize businesses and organizations the opportunity to establish a retirement plan with more ease and alleviates those common roadblocks that cause resistance toward sponsoring a plan,” Jim Kais, executive vice president of retirement plans for Ameritas, said in a statement. “Plan sponsors will now have a viable solution that reduces costs, lessens administrative burdens and most of all, minimizes financial and legal risk.”
The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.
As markets disintegrate, the value of on-the-ground, first-hand research through "intimate knowledge acquisition" is skyrocketing.
Deal brings 10 advisors and deeper family office reach to Austin market.
Mega-RIA to adopt AI workforce at enterprise scale as firm rethinks growth without hiring.
The five-advisor group leaves U.S. Bank for LPL's platform, part of a record June that saw 204 advisors join the firm.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
