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