Closing the Gap: How Pooled Employer Plans (PEPs) Are Expanding Retirement Plan Access
Pooled employer plans (PEPs) are a type of retirement plan designed specifically to eliminate some of the barriers that have traditionally kept smaller businesses from offering a retirement savings plan, and make it easier for more Americans to participate in an employer sponsored retirement plan.
Key Points
- The SECURE Act of 2019 introduced pooled employer plans (PEPs) to help smaller businesses offer retirement savings plans.
- SECURE 2.0, enacted in 2022, expanded access to PEPs and multiple employer plans (MEPs) for more workers.
- The whitepaper details the evolution, impact, and benefits of PEPs.