We still have a retirement crisis in this country as people don\u2019t have enough retirement savings and so many people don\u2019t have access to a retirement plan at work. The Georgetown University Center for Retirement Initiatives estimates there are 57 million private-sector workers which represent 46% of the population working in the private sector, that don\u2019t have access to a retirement plan at their workplace.<\/p>\n\n\n\n
This is the market for pooled employer plans (PEPs), companies with zero retirement plans that may want one if they don\u2019t have to deal with the fiduciary headaches by joining a PEP. While some existing plans may join a PEP, I think the bulk of the adopting employers that join a PEP are going to be employers that don\u2019t have a plan in place or are in one of those states that will require to either offer one or a State IRA program.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" We still have a retirement crisis in this country as people don\u2019t have enough retirement savings and so many people don\u2019t have access to a retirement plan at work. The Georgetown University Center for Retirement Initiatives estimates there are 57 … Continue reading