Voya Financial Surpasses $100B in Multiple Employer Solutions Assets
The firm saw a 15% increase in total assets, compared with the same period in 2023.
Tag: multiple employer plans
Retirement Industry People Moves
Voya Adds Two New MEP Roles; Congruent Creates Chief Revenue Officer Role; PCS Hires Kirtland to lead business development; and...
Benefits |
In PEPs, Attaining Economy of Scale Is Critical, Sometimes Illusive
While the pooled plan providers, sponsors of multiple employer plans, continue to see asset inflows, for sponsors, joining a PEP...
Benefits |
Can Multiple Employer Plans Help Close the Retirement Coverage Gap?
Advertised as a more cost-efficient and less burdensome way for small employers to offer a retirement plan, pooled solutions may...
Benefits |
Into the Pool
Representatives from two different companies explain the process by which their firms chose their respective multiple employer retirement solutions.
Products |
WTW Launches Its First Pooled Employer Plan
Retirement advisory WTW launches LifeSight PEP with Transamerica as recordkeeper.
DOL to Inquire If Regulatory Guidance Could Boost PEPs
EBSA's agenda includes speaking with plan sponsors, service providers and plan participants; asking what regulators can do to help increase...
Department of Labor Announces Final Form 5500 Changes
The changes to Form 5500 for defined contribution and defined benefit plans are modest.
Finalized Form 5500 Changes Add Little to Plan Sponsors’ Responsibilities
While plan sponsors will need to ensure the form contains accurate data, many of the proposed changes to the 2021...
Excessive Fee, Self-Dealing Charges Filed Against Pentegra-Sponsored MEP
The lawsuit says fiduciaries of the multiple employer plan failed to ensure reasonable fees for administration and investments and acted...
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ERISApedia.com Launches New Edition of ‘Who’s the Employer eSource’
The eSource includes more than 30% new material from the previous edition and the material has been reorganized to make...
Investors Seek More Substantive PEP Guidance from DOL
Though they applaud the direction the Department of Labor is taking, expert ERISA attorneys say a new proposed rule does...
Details About SECURE Act’s PEP and Lifetime Income Provisions
Open MEPs are now PEPs, and additional guidance is needed about requirements for PEPs and other provisions of the SECURE...
State of Membership Organizations/Industry Associations Retirement Plans
A look at the setup and features of these plans may offer a clue about how open MEPs sanctioned by...
IRS to Hold Public Hearing About Proposed MEP Rules
Although, the DOL has issued final rules on association retirement plans, some are disappointed that the rules fell short of...
LIMRA Finds Growing Interest in PRTs and MEPs
Even though pension risk transfer is better understood by plan sponsors, LIMRA hopes pending legislation that would open multiple employer...
IRS Makes Language Changes to ‘One-Bad-Apple’ Rule Proposal
The IRS says that, as published, its Notice of Proposed Rulemaking (NPRM) contains errors which may prove to be misleading...
DOL Releases Final Rule on ‘Association Retirement Plans’
The rule will permit employers to connect with associations of employers in a city, county, state, or a multi-state metropolitan...
IRS Proposes Change to ‘One-Bad-Apple’ Rule for MEPs
Proposed regulations would provide an exception, if certain requirements are met, to a multiple employer plan (MEP) being disqualified due...
Retirement Plan Options for Small Businesses Have Pros and Cons
Small U.S. employers trust the financial services sector for its expertise more than government entities when it comes to administering...