PEP
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Pooled Employer Plans (PEP)
- June 7, 2021
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
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The Pooled Employer Plan (PEP) was born on January 1, 2021, as a result of the Secure Act, passed in December of 2019. The intent of Congress was to provide an avenue for business owners to sponsor a retirement plan with the lowest amount of burden and fiduciary responsibility possible. It is too early to tell if the Pooled Employer Plan will be the retirement plan of the future, but I believe there is a good possibility it will be.
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SECURE Act Increases Access to Retirement Plans with “Pooled Employer Plans”
- May 22, 2020
- Posted by: Jeff Atwell
- Category: Economics, Financial Plan, Resources
PEPs, or Pooled Employer Plans, will provide a very efficient way for a business owner to provide retirement benefits for employees; however, the plan must always remain in the best interest of the participants and beneficiaries covered by the plan. We’re looking at the provisions of the SECURE Act that dictate how PEPs can be used, and factors that need to be considered.