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DOL Final Rule Paves the Way for 2021 Launch of Pooled 401(k) Plans

DOL Final Rule Paves the Way for 2021 Launch of Pooled 401(k) Plans

In the coming year, benefits managers may find they’re being pitched to jettison their current 401(k) plan in favor of a pooled employer plan (PEP) shared with other employers. A Department of Labor final rule explaining how 401(k) service providers can register as a pooled plan provider clears the way for PEPs to get underway starting Jan. 1, 2021.

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