Introducing the MJ Retirement Pooled Employer Plan. A Pooled Employer Plan designed to ease your administrative burdens and help employees retire right.
WHAT IS A POOLED EMPLOYER PLAN?
A Pooled Employer Plan (PEP) allows employers to pool their retirement assets together into one retirement plan and delegate most plan responsibilities to a third-party.
Through a PEP, employers are achieving economies of scale, simplifying their responsibilities, and eliminating the need for an individual plan audit.
BENEFITS OF A PEP
- Assurance that fiduciary responsibilities are met and plan is compliant
- Eliminate Individual Plan Audit
- Limited employer involvement
- Access to cost efficient investment options
- Flexible Plan Design
- Achieve Economies of Scale
THE EMPLOYEE EXPERIENCE
It’s business as usual for your participants. We take the confusion of a “PEP” out of employee facing materials. All branding and communication to your employees will be around your organization and the MJ Retirement Pooled Employer Plan. Participants contribute to a plan that makes sense to them, while you save time and money. Great work!
KEY SERVICES
- Design a retirement plan that aims to optimize benefits and improve overall plan health
- Help manage fiduciary risk
- Regularly review plan fees & expenses against benchmarks
- Offer diverse investment options that fit your plan’s objectives
- Tailor participant wellness, education, and advice programs for your workforce
- Serve as a valuable resource for your benefits team and employees
What’s Next?
Talk with one of our team members to weigh the pros and cons of this benefit solution and understand if it makes sense for your business.