Form PR is the form that the Department of Labor (DOL) has required for pooled plan providers (PPP). For a form that needs to be filed by someone who wants to be a PPP, it’s not that long and very short on details for someone who wants to be responsible for millions and millions of plan assets.
With short details and not a lot of verification, my concern is that pooled employer plans will have some unsavory people as PPPs.
