"According to the DOL, per-participant costs in the three largest PEPs ranged from 0.23% to 0.42% in 2023, compared with Morningstar's data showing the median cost in small stand-alone plans at 0.84%.... PEP adoption by small businesses has yet to become widespread.... Employers seeking flexibility in match formulas, auto-features, or financial wellness programs may find many PEPs too rigid."  MORE >>