Ameritas has announced a new pooled employer plan (PEP) for organizations sponsoring ERISA 403(b) plans.

The 403(b) PEP is a retirement plan where instead of a nonprofit sponsoring their own plan, they can become an adopting employer. This removes many burdens for nonprofits, allowing them focus on their mission.

The 403(b) PEP will have Ameritas serve as the recordkeeper, LeafHouse as the 3(38) investment fiduciary and FiduciaryxChange as the pooled plan provider.