One of the most important duties that an adopting employer to a Pooled Employer Plan is ongoing monitoring. This is more difficult than it sounds. Even more difficult than under a single-employer plan.
Why? Because under a PEP the adopting employer not only is required to monitor the PEP service providers – as is the case with the single-employer plan – but also the PEP “wrapper” AND the PEP’s Pooled Plan Provider (P3).
Good news! PEP-HUB provides adopting employers an ongoing monitoring service, called the PEP-HUB Surveillance. PEP-HUB Surveillance provides employers with critical information on PEP management and operations, as well as monitoring of the PEP’s service providers. In addition, positive as well as exception reporting provides information on any changes with the P3 that would impact adopting employers and their plan participants.
Ongoing surveillance and reporting to adopting employers is based on information PEP-HUB gathers directly from plan fiduciaries in real time or on a lookback basis. To ensure completeness, accuracy, and integrity, PEP-HUB requires the plan fiduciary to acknowledge and state that the information submitted is true and accurate.
PEP-HUB Surveillance provides employers with critical information on PEP management and operations, as well as monitoring of the PEP’s service providers.
One of the most important duties that an adopting employer to a Pooled Employer Plan is ongoing monitoring.
PEP-HUB offers comprehensive training and certification programs for RIA firms, plan advisors, service providers, attorneys and CPAs, as well as for adopting employers.
Many RIA and broker firms are interested in Pooled Employer Plans but do not know how they should proceed. RIA firms have three options when considering PEPs
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