NEPC has introduced a pooled employer plan for businesses. The plan aims to simplify the retirement planning process for businesses. The plan helps reduce the complexity and administrative challenges associated with the retirement plan. The plan allows several employers to use a single retirement plan. Additionally, the plan helps simplify the compliance requirements. The plan also increases the operational efficiency. This structure facilitates the effective management of the pooled employer plan services. The plan was created by NEPC for the purpose of providing effective retirement benefits for businesses. Therefore, the businesses can focus on other important business issues. The plan increases the cost efficiency and the governance.
Enhancing Efficiency and Compliance in Retirement Planning
In addition, the plan incorporates fiduciary oversight and investment management professionals. This helps in compliance as well as in achieving success for the participants. In this regard, businesses are in a position to offer competitive retirement plans. In addition, NEPC plans to expand its retirement solutions offerings. The firm remains committed to delivering value-driven services. The pooled employer plan is a result of the increased need for efficient retirement strategies.
“Retirement plans have become increasingly complex for both employers and advisors to manage, and Stratum One was designed leveraging NEPC’s three decades of managing defined contribution plans across market cycles,” said Mikaylee O’Connor, Partner and Defined Contribution Team Leader at NEPC.“We’re excited to partner with Empower and NPPG to provide a true end-to-end offering spanning investments, recordkeeping, administration, and compliance within a single, well-governed framework that can accommodate varying plan designs and evolving employer needs.”
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News Source: PRNewswire.com
