BENEFITS DIGEST

The firm's quarterly update covers the quarter ended June 30. The lead item for benefits readers is the May 5 SEC staff guidance on pooled employer plans, in which the staff said it will not object if PEPs rely on the securities-law exemptions widely applicable to tax-qualified retirement plans and confirmed that employers offering their own securities through a PEP may use a Form S-8 registration statement. The update also notes the SEC's inflation adjustment raising the qualified client thresholds effective June 29.

If a pooled employer plan absorbs the lion's share of fiduciary and administrative responsibility, what role remains for the advisor? NAPA argues the answer is a redefinition, not a reduction.

The PEP merges fiduciary outsourcing, payroll connectivity, and more to simplify administration.

What larger retirement plan sponsors stand to gain and give up in a pooled employer plan created under the SECURE Act of 2019.

A Cerulli report found that 71% of recordkeepers call the pooled employer plans a major or moderate business priority.

More recordkeepers are seeing pooled employer plans as a tool for future business growth

According to a Georgetown report, plan sponsors should evaluate pooled employer plans’ fees, providers’ potential conflicts of interest and the challenges of exiting the plan.

New PEP underscores commitment to scaling pooled plans and expanding retirement access for nonprofits; Newport tabbed as pooled plan provider and administrative fiduciary while Aprio providing