Pooled Employer Plans (PEPs)
The SECURE Act encourages employers from all industries and sizes to band together and to offer a new defined contribution plan: the pooled employer plan.
With the passing of the SECURE Act, employers will no longer need to sponsor their own individual 401(k) plan. A better solution is now possible if employers pool resources together. Joining a pooled plan with other employers will increase efficiency, reduce risks, and create better outcomes for participants.
PEPs Offer Advantages to Employers and Employees
Aon’s PEP Structure
We believe PEPs will transform the retirement landscape, similar to how 401(k) plans transformed the pension landscape 40 years ago. We look forward to navigating this new territory with you.