In a Westlaw Today article, members of the employment, ERISA and benefits consulting group examined U.S. Department of Labor guidance and request for information (RFI) about pooled employer plans (PEPs) and an employer’s fiduciary responsibilities that arise when participating in one of these plans.
The authors note this RFI is a positive development in the emergence of the PEP as a key player in the retirement plan marketplace. They say that future guidance should hopefully provide additional clarity for participating employers and pooled plan providers as to how a PEP can be operated in compliance with ERISA.
The article was authored by partner Allie Alperovich, who lead the firm’s executive compensation and employee benefits group, benefits consulting group principal David Kirchner, ERISA and benefits partner Joshua Lichtenstein and ERISA and benefits counsel Jonathan Reinstein.