Secure Act’s pooled employer plans a dramatic change for 401(k)s
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The COVID-19 crisis will make some employers more open to PEPs, but the recent hit to the economy could mean slow uptake for those plans
If retirement in the U.S. can be split into three generations, the first, Retirement 1.0, was about fees, funds and fiduciary. Employers looked to offload the funding liability for defined-benefit plans to employees, and defined-contribution plans like 401k(s) reduced costs and work.
The Pension
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