While the issues concerning Pooled Employer Plans (PEPs) in pricing and audits are slowing its growth, another headache is that potential adopters of these plans are unaware of their existence.
According to a paper by the Center for Retirement Research, while 13 percent of employers don’t know what a 401(k) plan is, 79 percent are unaware of what a PEP and a multiple employer plan is.
I can say from a sales standpoint, that’s not good, especially in dealing in states where auto-IRA programs are offered and required for employers who don’t offer retirement coverage
