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403(b)s would open to PEPs, MEPs under bill floated Wednesday
Companies that have waded into the PEPs business as pooled plan providers see tax-exempt organizations as very attractive, having even more potential than groups eligible to operate 401(k)s.
PlanMember Financial and Newport Group launch PEP
Newport will serve as the pooled employer plan provider and PlanMember will supply 3(38) fiduciary investment services.
Voya to serve as record keeper for two new PEPs
Unison Risk Advisors and TAG Advisors are launching pooled employer plans.
Paychex has 1,000 clients for its PEP, company says
Most of the new PEPs clients have not previously offered a retirement plan to their employees, often because of the administrative burden of setting up a 401(k).
Fidelity launched a PEP — here’s why that matters
The company was far from being the first to register with the Department of Labor as a pooled plan provider. But its fully bundled service, which includes administration, fiduciary oversight and the plan’s investments, indicates that Fidelity is confident that it will not run afoul of the regulator.
Fidelity launches pooled employer plan
Fidelity Investments became the latest to register with the Department of Labor as a pooled plan provider. The PEP, which appears to target small businesses, could significantly boost the company’s presence in that market – the bulk of Fidelity’s defined-contribution plan business is with large employers.
What elite RPAs think about PEPs
Pooled employer plans, or PEPs, could dramatically change the 401(k) business, but only if employers decide to adopt them.
Vestwell files as PEPs provider
Fintech and digital record keeper Vestwell is among about three dozen firms that have registered as pooled plan providers with the DOL, but the firm does not yet have information on pricing and plan design for a potential PEP product.
Paychex to offer pooled employer plan
The payroll services giant’s program will start Jan. 1
Aon to kick off pooled employer plan in January
The company predicts half of U.S. employers will join pooled plans over the next decade
401(k) firms line up for PEPs, anticipating big business in 2021
Registration for pooled plan providers begins later this month, but some companies are already announcing their plans
DOL issues key rule for pooled employer plans
Pooled plan providers will be able to register beginning later this month and launch plans at the beginning of the new year
Bill would let 403(b)s use PEPs
There could be even more demand for pooled employer plans from nonprofit organizations than from the for-profit side
DOL urged to address conflicts in pooled employer plans
But there is little consensus on how to do so, according to comment letters submitted this week to the regulator
MEPs costlier than similarly sized 401(k)s: Study
A new paper that examines costs of multiple-employer plans sponsored by benefits outsourcing firms found that such plans can be expensive
2020 brings new opportunities in the retirement space
The SECURE Act’s pooled employer plans provision will create a new market for investment advisory services
