A pooled retirement plan (PEP) is a new 401(k) option only made available since the passage of the original SECURE Act. It’s an innovative option that offers business owners a streamlined, cost-effective, and compliant solution for providing retirement benefits to their employees. And so, TPG is excited to introduce . . . The Partners Retirement Plan.

“Imagine if PEPs came first and traditional stand-alone retirement plans came second and we had to start asking our clients to take on more responsibility and administrative burden – there would be no question about which product to choose,” says Walters. “There really aren’t any drawbacks. While there is some upfront work to transition to The Partners Retirement Plan, our TPG team walks you through it so it’s not a huge lift for your staff.”

Your TPG consultant can explain in detail – but in a nutshell, this is why The Partners Retirement Plan could be ideal for your business.

Save Time & Headaches
Reduced Administrative Burden – By joining a PEP, much of the administrative work associated with managing a retirement plan is covered. Perplexing and time-consuming tasks like maintaining compliance, keeping accurate records, and reporting are handled by a third-party fiduciary.

Compliance with RegulationsRetirement plans are subject to ever-changing regulations, which (let’s face it) can be a headache. Opting into The Partners Retirement Plan will give you peace of mind that the plan is being managed in accordance with applicable laws and regulations.

Investment Fiduciary Oversight – The Partners Retirement Plan provides fiduciary investment oversight through TPG. This provides you low-cost, high-quality investment options and reduces your responsibility to monitor your plan’s investments.

It Makes the Complicated Easy
Simplicity – The Partners Retirement Plan simplifies plan administration for businesses, so they can focus more of their time on running their organizations.

Scalability – PEPs are particularly good options for small- to medium-sized businesses that may not have the resources or time to properly administer and maintain their retirement plan. The Partners Retirement Plan provides access to retirement benefits on a larger scale and partners you with professional fiduciaries who are experts in the industry.

Employee Attraction and Retention – Offering a robust retirement plan, such as The Partners Retirement Plan, can be a significant benefit, helping to attract and retain top talent.

Let’s Talk Bottom Line
Cost-Efficiency – PEPs allow multiple employers to participate in a pooled platform, while providing the flexibility to design your plan to specifically meet the needs of your organization. Administrative costs are spread out and overall plan fees can be less than a typical stand-alone plan.

Fiduciary Support – PEPs employ professional fiduciaries, meaning they must act in the best interests of plan participants. The Partners Retirement Plan can relieve the fiduciary duties associated with managing a retirement plan on your own.

TPG is excited to offer this innovative retirement plan option to our clients. Honestly, it’s a bit of a win-win, right? We think so. Let us tell you why – get in touch for a no-obligation consult at retirement@tpgrp.com or contact Mike Walters directly at mwalters@tpgrp.com.