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The SEC Cracks a Window for PEPs
American Retirement Association [ARA] Link to more items from this source
[Guidance Overview]
May 6, 2026

"[The SEC Staff Statement] acknowledges that PEPs were intended to fit within the framework that allows retirement plan trusts to avoid being treated as investment companies -- and says that while they don't fit neatly in the single trust exemption, the staff won't object if an otherwise compliant ERISA-covered PEP treats itself as a single trust.... The SEC essentially signals that while the exemption doesn't quite fit, they aren't looking for PEPs to start registering. In other words, the rule didn't change -- but the SEC just made it usable for PEPs."  MORE >>

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