Can You Lower Your 401k Business Costs with PEPs?
Pooled employer plans, or PEPs, promise to be easier, cheaper and better because they have larger buying power than stand-alone 401(k) plans. In fact, PEPs produced savings relative to current 401(k) costs in 93% of cases analyzed, with an average cost savings of 44%.
Why do you need a PEP?
1.) In 2022, the NJ Secure Choice Act takes effect which mandates that employers with 25 or more employees provide retirement plans for their employees and you want options beyond the state-sponsored programs
2.) Lower recordkeeping and investment fees, more innovation, and more tools at your fingertips
Join us to hear from John Cunningham, Alliant Retirement Consulting to find out why it’s a good time to join a PEP, and why it might be the best choice for your business.