401(k) Pooled Employer Plan
A Retirement Plan That Fits Your Business
As living expenses rise, saving for retirement has never been more important. Offering a 401(k) plan is a valuable way to support your employees’ financial security – while strengthening your organization by helping to attract and retain top talent.
However, running a 401(k) often comes with challenges for small businesses, such as complex and time-consuming tasks, major expenses, and greater responsibilities. But you don’t need the resources of a large organization to bring the benefits of a 401(k) to your workplace. A Pooled Employer Plan (or PEP) can help.
What Is a Pooled Employer Plan?
A PEP is a group 401(k) solution that is managed by a Pooled Plan Provider (or PPP). Here is how this solution can support retirement plans like yours:
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A PEP gathers many tasks involved in operating a retirement plan and shifts them over from your business to the plan’s administrative and investment fiduciaries. -
Participating organizations typically pay a group rate. This price is often lower than you might pay to run your own company 401(k).
Connect with CourseMark’s experienced advisors to discuss your needs, see if a PEP makes sense for your business, and take the next step.
Key Benefits:
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Time and Cost Savings
Your business can access the benefits of offering a 401(k) without all the administrative responsibilities and legal obligations that come with running it yourself – freeing up time and resources to focus on strategic priorities.
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Advantages for Larger Organizations
If your business has a retirement plan with 100+ eligible employees, and is subject to an annual plan audit, you can enjoy another major convenience: Because the PEP receives its own annual audit, you will not be required to have your own plan audited.
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Expert Administration
You can depend on an experienced partner with the resources and knowledge to ensure your plan is run efficiently and compliantly.
See How a PEP Works
It All Starts With a Conversation
Together, we will discuss your needs and compare your options. Then, we will provide a no-strings-attached proposal based on your specifications.