Pooled Employer Plans

Pooled Employer Plans

Benchmark your employee 401(k) to uncover hidden costs and improve outcomes for your workforce.

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Move Beyond Traditional 401(k) Complexity

Managing a 401(k) plan today means carrying more: greater cost pressure, rising fiduciary risk, and increasing operational demand, often without added capacity.

Plan strength is no longer defined by design, features or administration alone. It's defined by outcomes. A strong pooled employer plan focuses on whether employees are on track for retirement, how effectively they save and how much of that value stays working for their future.

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  1. A Pooled Employer Plan with a Difference

  2. What Makes the Aon PEP Different

  3. How the Aon Pooled Employer Plan Works

  4. Resources

  5. Contact us

A Pooled Employer Plan with a Difference

By aligning fiduciary accountability with governance and execution, the Aon's Pooled Employer Plan addresses complexity at its source.  Our unique model reduces operational burden, lowers risk and improves how contributions are invested and how costs are managed.

What Makes the Aon PEP Different

Better outcomes—without tradeoffs. Institutional investing, disciplined execution, and service you can count on.

Built to improve outcomes
• More saved. More invested. More retained.

Fiduciary accountability—executed
• Decisions carried through—not just advised

Scale that reduces cost
• Institutional pricing and access

Participant-focused design
• Drives engagement and better outcomes

Less operational burden
• Fewer handoffs. Less coordination. More capacity

Continuous oversight
• Embedded control and audit readiness

Built for what’s next
• Adapt to regulatory change and workforce needs

33%

lower participant fees.

As of February 17, 2025

  • 150+

    employers<sup>1</sup>

    <sup>1</sup> As of June 4, 2026, based on internal Aon data

  • $7.5B

    AUM<sup>1</sup>

    <sup>1</sup> As of June 4, 2026, based on internal Aon data

  • 98%

    participant satisfaction<sup>2</sup>

    <sup>2</sup> Based on Aon PEP participating employer survey results as of as of April 30, 2025

Employers report a 50–75% reduction in administrative workload. Based on Aon PEP participating employer survey results as of October 11, 2025.

How the Aon Pooled Employer Plan Works

Employers participate in a comprehensive, integrated retirement operating model. They retain control over the decisions that define their plan and workforce strategy. 

Aon assumes responsibility for fiduciary oversight, governance and execution—reducing complexity and fiduciary risk while improving plan performance—without sacrificing flexibility.

  • Aon delivers
    • End-to-end fiduciary oversight and accountability
    • Plan administration, compliance, and governance
    • Investment strategy, selection, and monitoring
    • Participant engagement, communications and experience
  • Employers retain control of
    • Match and contributions
    • Eligibility and vesting
    • Additional features like automatic enrollment and automatic escalation

Less complexity, less risk. Better outcomes.

52%

lower investment fund fees compared to industry medians.

Represents the investment options available within the Aon PEP as of June 30, 2026.

Resources

Title
File Type
File Size
Aon PEP Product Information Sheet 2026
PDF (418KB)
PDF
418KB

Aon Consulting Inc. (“ACI”) operates as the pooled plan provider (“PPP”) and named fiduciary. This means ACI is responsible for all plan operation and compliance and oversees and monitors all related service providers. As the PPP, ACI’s responsibilities include serving as the 402(a) fiduciary and ERISA 3(16) plan administrator. Aon Investments USA. Inc. serves as the ERISA 3(38) investment manager and is responsible for selecting, managing, monitoring, and benchmarking the investment offerings of the plan.

Lower Costs. Better Governance. Stronger Retirement Outcomes.

Case Study

Lower Costs. Better Governance. Stronger Retirement Outcomes.

After rapid growth and acquisition activity, Saalex needed a retirement solution that could scale efficiently. By adopting a pooled employer plan, the organization reduced fees, eased administrative burden and enhanced its total rewards strategy. Learn why more employers are using PEPs to drive efficiency and value.

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More PEP Insights

Read the latest articles, reports and podcasts about pooled employer plans from our team of thought leaders.

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Deliver better retirement outcomes. With the Aon PEP, reduce risk, lower costs and offer a more competitive benefit with less effort.

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