(Read expanded coverage of this important topic here)
A PEP is only as good as your PPP
NPPG Plan Professionals, LLC (NPPG) is a Pooled Plan Provider (PPP). When you work with NPPG as a PPP, we have complete autonomy and freedom to either bundle our services or pick and choose which services are needed depending on how the PEP is structured.
Whether you sponsor a MEP today and are thinking of converting it to a PEP or simply seeking to join an existing PEP or are in start-up mode, NPPG can provide the due diligence, accountability, and the menu of services to fulfill it’s fiduciary and legal obligations to PEP members, as well as the IRS and DOL.
NPPG has served as a 3(16) Plan Administrator for multiple employer plans since 2014.
Our years of experience as a 3(16) for multiple employer plans prior to SECURE Act puts us in a unique position to bring knowledge and insight to the PEP industry to ensure the plans run smoothly and in compliance. When it comes to plan maintenance and fiduciary liabilities, we take the burden off Adopting Employers by handling the vast majority of fiduciary duties and major plan decisions. This includes annual Form 5500 filings, investment selection and monitoring, regular reviews, annual audits, participant notices, distributions, rollovers, ERISA compliance, and more.
From full PPP services to á la carte, NPPG’s Pooled Plan Provider services are the benchmark by which other PPPs are measured, including:
- TPA
- 3(16)
- Administrative fiduciary
- Accounting services
- Recordkeeper
- Investment fiduciary & more.
Unlike some PPPs, with NPPG we do not mandate the use of our 3(16) and TPA compliance services. Of course, we have significant expertise from both TPA and 3(16) perspectives, and we can fill those roles accordingly. Nevertheless, we offer complete autonomy in that regard without conflicts of interest or other extenuating circumstances being a concern.
Not all Pooled Plan Providers are created equal.
To learn more about our PPP services and how you can partner with NPPG as a Plan Provider, please call us at 1.800.340.5160 or use the contact form and a member of our team will be in touch. We look forward to answering your questions.