Federal and state mandates will prop up PEPs

Ary Rosenbaum

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The possibility of a Federal mandate for retirement coverage through an employer plan or forcing the employer into an IRA program, which has been done through state and local governments will prop up pooled employer plans (PEPs).

The reason is simple: employers won’t want to be involved with a government-run plan and a better option than any IRA program is a 401(k) pooled employer plan because there will be more fiduciary work born by plan providers, as well as more retirement savings offered in a 401(k) plan than an IRA.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

Written by:

Ary Rosenbaum

The Rosenbaum Law Firm P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.