Ascensus and American Funds have finally brought their pooled employer plan (PEP) to market.

The Ascensus | American Funds Pooled Employer Plan is available to plan sponsors and advisers, featuring an open architecture plan menu designed by investment advisory Wilshire including funds, other than American Funds.

The PEP is the first to offer American Funds Target Date Plus.

Ascensus has $1.2 billion in PEP assets under administration, representing about 28,000 savers, according to the firm.