Federal and state mandates will prop up PEPs

Ary Rosenbaum
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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.

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