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Running a business is complicated. Offering a retirement plan doesn’t have to be.
Seeking a set it and forget it approach to sponsoring a retirement plan? For businesses seeking a hands-off option, Ubiquity Express PEP offers an expertly designed and professionally managed plan done for you.
Save time and avoid getting tied up in retirement plan complexities
As the Pooled Plan Provider, Ubiquity does the heavy lifting for you by:
Register today for when Ubiquity's Express PEP is available.
An expertly designed and managed employee retirement benefit
A Pooled Employer Plan (PEP) is a retirement plan that allows unrelated businesses to join a single plan that is established and managed by a registered Pooled Plan Provider (PPP). Geared specifically toward small businesses with fewer than 100 employees, the PEP functions the same as a typical 401(k) plan and provides the same benefits and contribution limits, with the added benefit of reducing the fiduciary and administrative responsibilities of the employer.
Small businesses are able to benefit from merging their existing resources to keep costs low while accessing the same investment options and services that larger companies use to maximize retirement fund outcomes.
One size fits most package plan vs. customized plan
A PEP 401(k) can be thought of as a one-size-fits-most package plan, as opposed to a more customized 401(k) plan. PEPs and stand-alone 401(k)s each have their distinct advantages–and understanding your options can help you decide which one is the best fit for your needs.
Looking for a simplified approach?
A one size fits most approach for those who want to get a plan up and running quickly without all the fuss, a PEP provides a cost-effective way for you to help your employees save for retirement—without the complexity or the liability. The trade-off for the convenient turn-key approach is a lack of flexibility when designing your plan.
Ubiquity’s Express PEP is priced with small businesses in mind to help you take advantage of all available tax credits. Like all of our small business 401k plans, pricing is easy to understand, with no hidden costs or excess fees.
If you would like a more tailored solution, a stand-alone 401(k) plan plan might be for you.
Stand-alone 401(k)
PEP
Named fiduciary
Employer
Pooled Plan Provider
Responsible for the day-to-day administration of the plan
Employer
Pooled Plan Provider, with limited tasks by employer
Responsible for filing annual government forms
Employer
Pooled Plan Provider
Ability to customize investments
Yes
Limited customization
Customizable eligibility and vesting schedules
Yes
No
Flexible matching schedules
Yes
Limited
Bond coverage obtainment
Employer
Pooled Plan Provider
Hiring and managing annual audits of the plan
Employer
Pooled Plan Provider
By pooling assets into one large plan, employers can achieve economies of scale, significantly reduce their administrative responsibilities, and lower their fiduciary liability.
In addition to making a retirement plan more affordable, advantages of Pooled Employer Plans for employers include:
Lower risk
Employers work with an administrator who accepts fiduciary responsibilities.
Time-saving
Employers needn’t worry about government filings, plan audits, or management duties.
White glove service
The administrator does it all for you, from setup, to IRS form filing, to enrollment.
Improved compliance
A good Pooled Plan Provider will ensure the best possible governance.
Tax credits
The SECURE Act offers financial incentives for the first three years of a new plan.
Pricing
Pooled employers can receive better pricing on investments due to economies of scale.
Outcome
Gain access to high-quality retirement planning options and services that bigger plans receive.
Employee sentiment
Offering your workers a secure future increases employee satisfaction and retention.
Benefits of a Pooled Employer Plan for employees include:
The employee portal provides informative resources to help participants make decisions about their retirement savings.
It’s easy for workers to monitor and adjust their financial goals.
Many PEPs come with choice perks, like financial advisor access, open to all employees.
PEPs feature lower administrative costs, so participants keep more of their money in the plan.
PEPs can offer better options and access to low-cost share classes available to larger plans.
Given the numerous advantages for small businesses and plan participants, many industry analysts predict that the PEP 401k represents the wave of the future for small business retirement plans. Contact Ubiquity for a hassle-free transfer. Once you choose us as your Pooled Plan Provider, we’ll:
With the right PPP, switching from an existing 401(k) to a PEP is a seamless process. The electronic gateway may change, but the plan itself will function the same way and provide the same benefits. Contribution limits remain exactly the same as a typical 401(k) plan, though the employer will enjoy freedom from high costs, fiduciary responsibility, and administrative hassle.
Multiple Employer Plans (MEP) have been around for years. These retirement plans are often structured as 401(k) plans and are established and administered by a MEP organizer. The MEP is offered to many different employers but is treated as a single plan for administrative and compliance purposes. Rather than every individual employer filing Form 5500 with the Department of Labor (DOL), the MEP files one form on behalf of all employers participating in the plan.
In order to qualify for a MEP, there must be some commonality between the participating enterprises. Often, employers are linked by trade, association, or geographical location.
The Pooled Employer Plan was created in the SECURE Act to provide an alternative to MEPs by:
The two types of plans are similar in that the MEP organizer or the PPP becomes responsible for the reporting, compliance, and administration of the plan, rather than the employer.
Contact Ubiquity for personalized assistance exploring your options for small business retirement plans, including the newly created Pooled Employer Plans.
© 2023 Ubiquity Retirement + Savings
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44 Montgomery Street, Suite 300
San Francisco, CA 94104
Support: 855.401.4357
© 2023 Ubiquity Retirement + Savings
Privacy Policy
Do not sell my info
44 Montgomery Street, Suite 300
San Francisco, CA 94104
Support: 855.401.4357