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The Partners Retirement Plan
We understand that managing a retirement plan can be overwhelming and time-consuming, especially with evolving regulations and administrative demands. That’s why TPG is proud to offer our clients a solution that simplifies retirement plan management.
The Partners Retirement Plan allows adopting employers to provide employees with a robust 401(k) plan without the administrative hassle and fiduciary burden associated with running their own. Plus, businesses that join The Partners Retirement Plan will benefit from economies of scale, which often translates into lower costs for the business, their employees, or both.
Our retirement team specializes in working with employers to provide high-quality retirement plans, essential to recruiting and retaining top employees. For business leaders looking to reduce their workload and limit liability, The Partners Retirement Plan is worth considering.
Ready to Learn More?
What’s a PEP?
A pooled employer plan (PEP) is a 401(k) plan maintained as a single plan while allowing multiple unrelated employers to participate. A PEP offers:
Economies of scale that were unavailable prior to the SECURE Act
Plan design flexibility to meet the needs of your organization or maintain current features
Assurance that fiduciary responsibilities are met and the plan is compliant
The Partners Retirement Plan: What Are the Advantages?
If your organization is looking to streamline your operating budget, reduce plan administration time, and limit liability, The Partners Retirement Plan is an excellent option.
The PEP files a single 5500 and large-plan audit. This reduces your time (and headaches!) on these tasks, allowing you and your team to focus on critical business initiatives.
TPG acts as the 3(38) investment fiduciary to ensure the investment options available to plan participants are diversified, cost effective, and best in class.
With the partnership of a pooled plan provider and 3(16) administrative fiduciary, you can rest assured that the plan will meet all compliance deadlines and requirements.
Reducing liability is always a good idea. A PEP does just that, by placing professional fiduciaries at each position, allowing employers to rest assured they’re covered.
A PEP Will Reduce Your Workload
Perhaps the biggest benefit to adopting a PEP is that because it is managed by the pooled plan provider, you have more time to focus on what’s important – your employees and the needs of your business.
Contact Our Retirement Team
For more information about PEPs, about The Partners Retirement Plan, and your options, get in touch with our team. We’d love to chat with you about this progressive solution.