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PEP Plans: A Progressive New Solution

Thanks to the SECURE Act of 2019, employers can now offer a retirement plan through a pooled employer plan (PEP). And so, The Partners Group is excited to present this innovative 401(k) option, called The Partners Retirement Plan.

The Partners Group retirement planning team specializes in partners with employers to help provide successful, high-quality retirement plans, essential to recruiting and retaining top employees.

The Partners Retirement Plan is the latest in our innovative 401(k) options – the potential to save costs, reduce workload, and limit liability is worth considering.

Ready to Learn More?

What’s a PEP?

A pooled employer plan (PEP) is a 401(k) plan maintained as a single plan while allowing multiple unrelated employers to participate. A PEP offers:

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Economies of scale that were unavailable prior to the SECURE Act

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Plan design flexibility to meet the needs of your organization or maintain current features

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Assurance that fiduciary responsibilities are met and the plan is compliant

The Partners Retirement Plan: What Are the Advantages?

If your organization is looking to streamline your operating budget, reduce plan administration time, and limit liability, The Partners Retirement Plan is an excellent option.

The PEP files a single 5500 and large-plan audit. This reduces your time (and headaches!) on these tasks, allowing you and your team to focus on critical business initiatives.

TPG acts as the 3(38) investment fiduciary to ensure the investment options available to plan participants are diversified, cost effective, and best in class.

With the partnership of a pooled plan provider and 3(16) administrative fiduciary, you can rest assured that the plan will meet all compliance deadlines and requirements.

Reducing liability is always a good idea. A PEP does just that, by placing professional fiduciaries at each position, allowing employers to rest assured they’re covered.

A PEP Will Reduce Your Workload

Perhaps the biggest benefit to adopting a PEP is that because it is managed by the pooled plan provider, you have more time to focus on what’s important – your employees and the needs of your business.

Contact Our Retirement Consultants

For more information about PEPs, about The Partners Retirement Plan, and your options, get in touch with our team. We’d love to chat with you about this progressive solution.

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Advisory services offered through TPG Financial Advisors, LLC, an SEC-Registered Investment Advisor and a wholly owned subsidiary of The Partners Group, LLC.