How Multiple Employer Plans (MEPs) and Pooled Employer Plans (PEPs) Help Close the Retirement Savings Gap
Discover how Multiple Employer Plans (MEPs) and Pooled Employer Plans (PEPs) offer cost-effective, low-risk retirement solutions for clients of all sizes to help close the retirement gap.
Key Points
- Cost efficiency: MEPs and PEPs reduce retirement plan costs by pooling resources across employers, lowering fees and administrative burdens.
- Fiduciary risk mitigation: Pooled Plan Providers and MEP sponsors assume most fiduciary responsibilities, easing legal and compliance pressures for employers.
- Operational simplicity: Employers benefit from outsourced plan administration, allowing more focus on core business growth and employee engagement.