isolved 401(k) PEP
Focus less on managing your plan and more on running your business
- Service
- People Cloud Product
What is isolved 401(k) PEP?
The isolved 401(k) PEP (Pooled Employer Plan) is a complete turnkey solution, personalized for your company. When you adopt the isolved 401(k) PEP, your employees gain access to a valuable retirement benefit. And you may gain the benefits that come with economies of scale as well as receive federal tax credits, if you qualify.
The isolved 401(k) PEP satisfies state retirement plan mandates (where applicable) and provides a key benefit that employees consider when deciding to join your company. The isolved 401(k) PEP provides you access to a professional service team made up of some of the most trusted retirement brands and providers in the country.
What are the benefits of using the isolved 401(k) PEP?
The isolved 401(k) PEP brings together a team of professionals to help you manage your plan, and to help your participants achieve brighter retirement outcomes.
Reduce Administrative Burden
By streamlining your plan with your payroll processing, you'll be able to offload a majority of your per payroll administrative tasks related to your retirement plan. The support team structure of the PEP allows you to rely on a team of professional partners for payroll remittance, compliance testing, participant enrollment/communications, audits, distributions, and more!
Economies of Scale
Employers and employees alike benefit from the PEPs group approach. Economies of scale allow for group pricing and when compared to an individual plan, may result in savings for all parties involved.
Reduced Fiduciary Liability
By joining the isolved 401(k) PEP, adopting employers are able reduce their fiduciary liability by partnering with the PEP's Pooled Plan Provider (PPP) to oversee the administration of the plan. In addition, the PEP also engages a 3(16) fiduciary and 3(38) investment fiduciaries, further reducing fiduciary liability for adopting employers.
If you are an employee or employer currently participating in the isolved 401(k) PEP, please reach out to your isolved 401(k) PEP Operations team.
If you are interested in learning more about how the isolved 401(k) PEP may benefit you and your employees, please use the Contact Us button.
- Benefits
- Financial
- Retirement