{"id":5478,"date":"2021-05-06T11:52:54","date_gmt":"2021-05-06T15:52:54","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=5478"},"modified":"2021-05-06T11:52:54","modified_gmt":"2021-05-06T15:52:54","slug":"in-the-end-there-can-be-only-a-few-peps","status":"publish","type":"post","link":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=5478","title":{"rendered":"In the end, there can be only a few PEPs"},"content":{"rendered":"\n<p>The original Highlander is kind of a silly movie, with the tagline \u201cthere can be only one.\u201d I do like the fact that Sean Connery is in it and the fact I was in the crowd at the Pro Wrestling USA card at the Brendan Byrne Arena used for the beginning of the movie (and no, Christopher Lambert wasn\u2019t there).<\/p>\n\n\n\n<p>As far as there can be only one, I find the same thing about Pooled Employer Plans (PEPs). While everyone is getting a PEP the way that Oprah Winfrey would hand out free stuff to her audience, I will claim that 90-95% of PEPs will fail because I am convinced that most of them won\u2019t get much in assets. There are way too many PEPs for the demand. The demand is there, but I just think there is a glut out there because every provider who wanted their own PEP, started one. The PEP start-up process is long and exhausting, I have one that had been in the works for 11 months. It takes forever (or feels like it) in setting it up, as most providers have had a tough time drafting agreements and getting things ready.<\/p>\n\n\n\n<p>Again, it\u2019s like with any fad or phenomenon, there is a lot of demand and without people, realizing way too much supply.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>The original Highlander is kind of a silly movie, with the tagline \u201cthere can be only one.\u201d I do like the fact that Sean Connery is in it and the fact I was in the crowd at the Pro Wrestling &hellip; <a href=\"http:\/\/therosenbaumlawfirm.com\/blog\/?p=5478\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5478"}],"collection":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5478"}],"version-history":[{"count":1,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5478\/revisions"}],"predecessor-version":[{"id":5479,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5478\/revisions\/5479"}],"wp:attachment":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5478"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}