Fidelity launched a PEP — here’s why that matters
![Fidelity PEP](https://s32566.pcdn.co/wp-content/uploads/2021/01/Fidelity-2-951x634.jpg.optimal.jpg)
The company was far from being the first to register with the Department of Labor as a pooled plan provider. But its fully bundled service, which includes administration, fiduciary oversight and the plan’s investments, indicates that Fidelity is confident that it will not run afoul of the regulator.
Fidelity’s recently announced venture into the pooled employer plan market gives the financial juggernaut a clear way to build relationships with small businesses, and it’s a sign to naysayers that PEPs could be here to stay.
The Boston-based company expects to start bringing clients onto its
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