A Financial Times Ignites article cites a Ropes & Gray alert on the growth of pooled employer plans (PEPs) that allow unrelated companies to join together to share costs within a single retirement plan.
The alert notes that PEPs are more appealing to some companies than single-employer retirement plans because they can offer lower fees, allow employers to shift potential liability under the Employee Retirement Income Security Act (ERISA) to service providers and reduce administrative activity. PEPs have become an attractive alternative for private equity sponsors and their portfolio companies.
The alert was authored by executive compensation & benefits practice senior benefits consultant Jack Eckart, benefits consulting principal David Kirchner, knowledge management attorney Jonathan Reinstein and executive compensation & benefits partner and specialty group leader Allie Alperovich.
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