Paychex, the large payroll services provider, will launch a pooled employer plan, or PEP, on Jan. 1, the first day the new plans can be provided under provisions of the SECURE Act.
As a pooled plan provider, Paychex will act as both plan sponsor and formal plan administrator, relieving employers — especially small to midsize businesses — of significant fiduciary and administrative burdens.
Businesses currently offering an employer-sponsored qualified retirement plan are able to merge their plan and assets into a pooled program to potentially save time and money, Paychex said in a release.
Mesirow Financial will serve as the 3(38) investment manager of the Paychex program and Mid Atlantic Trust Co. will serve as the trustee.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
Firm grows assets to $12.27 billion with latest deal.
Treasury secretary's deadline called 'aspirational' by John Thune.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
