Innovation in Retirement: Embracing Pooled Employer Plans and the 401(k) Evolution
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Innovation in Retirement: Embracing Pooled Employer Plans and the 401(k) Evolution
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About this listen
To tackle current workforce and organizational issues, it's essential to move beyond conventional approaches. Many employers are turning to Pooled Employer Plans (PEP) to solve the challenges of the traditional 401(k) structure.
In fact, By 2030, over half of employer plan sponsors are expected to switch to a PEP. Aon’s Rick Jones joins us to discuss how we’ll get there.
PEPs allow employers to combine assets for cost efficiency while shifting fiduciary and operational duties to the PEP provider. They can also improve retirement outcomes for participants—making PEPs a win-win for organizations and their employees.
Listen in to learn how:
· PEPs simplify retirement planning and reduce administrative burdens for employers
· PEPs reduce fiduciary risks
· PEPs offer lower fees and better retirement outcomes
Sponsored By: Aon