PEP-RFP for Adopting Employers

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Pooled Employer Plans may be a great plan option for small firms contemplating starting

a plan for employees, small employers with an existing 401k plan and even larger mid-size

401k plans that are looking to reduce the administrative and fiduciary burdens of the own

plan.

1. Adopting employers remain "limited-scope" co-fiduciaries when joining a PEP
2. It is imperative that adopting employers carefully choose the best PPP/PEP
3. Request for Proposals (RFPs) are the single best way for sponsors and advisors to choose PPPs and PEPs. 

PEP-RFP assists adopting employers and their advisors in making an informed process-driven decision in choosing the best PEP solution.

Why PEP-RFP.com?

We believe the current Request for Proposal process is antiquated and inefficient.

This is particularly true for the new pooled plan arrangements called Pooled Employer Plans (PEPs).  Not only is a prudent selection process for the right PEP more comprehensive than for single-employer plans, it will be more difficult for advisors and adopting employers to choose from very high number of Pooled Plan Providers offering numerous PEP options.

The number of DOL registered PPPs and PEPs is expected to be in the hundreds or even thousands. 

With PEP-RFP.com, advisors and potential adopting employers no longer have to send an endless number of Request for Proposals (RFPs) and hope they receive a response.  And, no longer do Pooled Plan Providers have to answer hundreds, if not thousands of various RFPs each year.

Here is how PEP-RFP.com works

1. We ask every DOL registered Pooled Plan Provider (PPPs) to complete our Request for Information (RFI) on themselves and their PEP (they only have to answer ONE RFI).
2. Once their RIFs are returned to us we add them to our comprehensive data bases on both PPPs and PEPs (this becomes their RFP information).
3. When advisory firms and potential adopting employers log into PEP-RFP.com, they will first filter their search for the best PPP/PEP using the PEP-RFP.com "QUICK LOOK" search engine that identifies those PEPs that meet their specific needs.
4. With a list of PEP candidates from Quick LOOK, the advisor and employer can do a deep dive into each candidate using PEP-RFP.com's RFP data bases.  We call this PEP-RFP "DIY".   PEP-RFP DIY is the most economical solution for cost conscious sponsors and advisors.    
5. They can also use the PPP/PEP's contact information to conduct virtual conference calls with PPP/PEP finalists.
6. Once a PPP/PEP option is chosen, all data, notes and information can be downloaded and included in the adopting employers fiduciary filing system.

Will PEP-RFP.com assist the advisor and adopting employer in the selection process? 

Yes, based on a fact-gathering questionnaire completed by the adopting employer, PEP-RFP.com will in assist in narrowing potential PPP/PEP candidates to the best three to five options for the sponsor.  Then, the sponsor and their advisor are able to do a deeper dive with each candidate and choose the best PEP option quickly and conveniently.   We call this PEP-RFP.com "LITE".