Credit: Dzmitry/Adobe Stock;
Nearly half (47%) of employers opted for the pooled employer plan (PEP) as the first employee retirement plan they've offered, according to Transamerica's first-ever survey of PEP adopters. Many respondents to the Pooled Plan Adopting Employer Research Survey were small- to mid-sized organizations and startups that have previously not offered retirement plans to employees because of the cost, administrative and fiduciary responsibilities.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
