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Why Companies Should Ditch Their Stand-Along 401(k) and Join a 401(k) PEP
Fiduciary News; free registration required Link to more items from this source
[Opinion]
Jan. 26, 2021

"If you are to look at the existing closed 401k market (this would be primarily business associations and other affiliated groups), it's possible to conclude PEPs can achieve both similar cost savings and enhanced value offering. This comes when the pool increases the number of participating employers and employees ... The potential reduction of significant fiduciary liability comes about because the existing plan sponsor is essentially handing off the bulk of the duties to a new plan sponsor -- the PPP.... delegating the retirement plan to a PEP gives company executives one less thing to worry about."

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