Press Release

Ameritas Launches New Pooled Employer Plan

Issued by Ameritas

June 15, 2023

LINCOLN, Nebraska – Ameritas has announced the launch of the Pooled Employer Plan (PEP), now available on Ameritas’ flexible retirement plan platform. PEPs allow unrelated companies or organizations (adopting employers) to band together and garner the purchasing power that currently eludes many hardworking business owners.

Ameritas, whose history managing pooled plan arrangements spans more than 20 years, will serve as the recordkeeper, with TRG Fiduciary Services serving as the pooled plan provider. LeafHouse Financial, a discretionary investment manager with deep expertise in the retirement industry, will act as the plan 3(38) investment fiduciary, using their proprietary technology to select, evaluate and monitor investments. Charles Schwab Trust Bank will serve as directed trustee.

The 2019 Setting Up Every Community for Retirement (SECURE) Act allowed for the creation of PEPs in 2021. Prior to the act, businesses were only able to join under a multiple employer plan requiring certain commonality.

“PEPs pave the way for Ameritas to help the lifeblood of our communities—small business and local organizations. They can offer a competitive retirement plan to their employees, helping them achieve financial security and overall wellness. Every U.S. worker deserves the chance to save for a dignified retirement. We’re a leader in establishing and growing multiple employer plans and pooled employer plans, and now we have one of our own. Our PEP gives small and mid-size businesses and organizations the opportunity to establish a retirement plan with more ease and alleviates those common roadblocks that cause resistance toward sponsoring a plan,” said Jim Kais, executive vice president of retirement plans for Ameritas. “Plan sponsors will now have a viable solution that reduces costs, lessens administrative burdens, and most of all, minimizes financial and legal risk.”

“What’s great about the new pooled employer plan from Ameritas is that both specialist advisors and generalist financial professionals can grow their practice while streamlining administration. And with our flexible platform and managed account options, financial professionals can satisfy varying investment appetites and offer personalized plans,” added Scott Holechek, Ameritas institutional sales leader and pooled employer plan thought leader.

For more information, visit Ameritas Pooled Employer Plan.

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