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:
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.
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.
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.
You can depend on an experienced partner with the resources and knowledge to ensure your plan is run efficiently and compliantly.