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What Will PEPs Prompt?
One of the most anticipated aspects of the SECURE Act – and one that has yet to take hold – is its “open” multiple employer plan structure, “pooled employer plans”, or PEPs. But how much impact will they have – on new plan formation – or existing plan consolidation?
One of the most widely anticipated (and, in some cases, feared ) provisions of the Setting Every Community Up for Retirement Act (SECURE) was the opportunity for Pooled Employer Plans, or PEPs. Signed into law in the waning days of 2019 , though not effective until January 1, 2021 , the topic remains one that routinely engenders eager and enthusiastic debate – particularly when it comes to “guesstimates” as to what the eventual impact of this new design will have.
So, while your crystal ball may be a little cloudy these days – heck, you may not even HAVE a crystal ball – let’s indulge in a bit of educated “guessing” as to what the future impact of PEPs might be.
One of the most widely anticipated (and, in some cases, feared ) provisions of the Setting Every Community Up for Retirement Act (SECURE) was the opportunity for Pooled Employer Plans, or PEPs. Signed into law in the waning days of 2019 , though not effective until January 1, 2021 , the topic remains one that routinely engenders eager and enthusiastic debate – particularly when it comes to “guesstimates” as to what the eventual impact of this new design will have.
So, while your crystal ball may be a little cloudy these days – heck, you may not even HAVE a crystal ball – let’s indulge in a bit of educated “guessing” as to what the future impact of PEPs might be.