Woodruff Whiteboard Breakdowns: Pooled Employer Plans (PEP)

Kristina Keck introduces Pooled Employer Plans (PEPs) as a solution for companies looking to simplify their 401(k) offerings. By allowing multiple companies to join a single plan, PEPs reduce costs and administrative burdens, managed by skilled professionals. This arrangement not only alleviates stress on HR and finance teams but also provides stability in investment options despite personnel changes. While companies must give up some control to the PEP administrator, the benefits include better investment returns and a focus on core business functions. Consulting with an expert is recommended to determine if a PEP aligns with a company's goals.
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