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 Enhancement (SECURE) Act was the opportunity for Pooled Employer Plans, or PEPs. Signed into law in the waning days of 2019, though not effective until Jan. 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.
You can REPLY to this week’s NAPA-Net Reader Poll at https://www.research.net/r/LPX2ND7.
And, of course, we’ll have it all “prepped” for you on Friday!
