The SimplicityPlus PEP enhances efficiency, productivity, and overall effectiveness for sponsors and participants. Discover how this PEP solution can bring value and positive outcomes to those involved.
The SimplicityPlus PEP enhances efficiency, productivity, and overall effectiveness for sponsors and participants. Discover how this PEP solution can bring value and positive outcomes to those involved.
The pooled plan provider (PPP) manages most administrative tasks in a pooled employer plan (PEP), reducing an employer’s administrative burden and liability.
Administration, investment selection and monitoring, and compliance tasks are consolidated, streamlining work flows and reducing the complexities of offering a retirement plan.
The PEP structure allows for the employers to outsource many of their fiduciary responsibilities, and thus their liabilities involving administrative duties and investment management.
Since the PEP structure is considered a single plan, it requires a single audit for all employers and one Form 5500 filing. This is the responsibility of the PPP and not each employer. This lessens administrative burden and associated expenses in offering a plan.
The plan utilizes an independent 3(38) investment fiduciary who focuses on academic research using cost effective solutions for both passive and active strategies.
No two employers are alike. That is why the SimplicityPlus PEP lets employers customize their plan provisions to best meet their business’ unique business needs.
