Pooled Employer Plans for 401(K)s are Growing in Popularity for Small Business. Here’s Why It Can Save You Money.

By Gene Marks We’re all aware that there’s a retirement crisis in this country. Not enough people are saving for the future, and there are concerns about whether our Social Security system will run out of money. That’s one of the big reasons why, in 2019, Congress passed the Setting Every Community Up for Retirement Enhancement or SECURE Act. It offers tax credits and other incentives to small businesses to set up 401(k) plans, which allow employees to save for retirement. The legislation also has a lesser-known provision that expands the availability of pooled employer plans (PEP). Whether your business already has a 401(k), or you need to start one, you should be considering a PEP. READ FULL ARTICLE>>