Five Reasons to Consider a PEP as Part of Your Benefits Strategy

Pooled employer plans, created by the SECURE Act of 2019, will be available to companies starting Jan. 1, 2021. A PEP brings different employers together to create a scalable retirement plan instead of plan sponsors operating and maintaining their separate 401(k)s.

PEPs will transform retirement benefits. However, many companies are understandably cautious, given their newness. So what are the main advantages of the PEP to business as usual?

A PEP is one of the few innovations where stakeholders may achieve better outcomes. Here are the top five reasons why your company should consider a PEP as part of your benefits strategy.