ADP has introduced the Save4Retirement Pooled Employer Plan (PEP), designed to help employers provide competitive retirement benefits while reducing administrative burden, plan expenses, and fiduciary exposure. The new PEP model allows multiple unrelated employers to join a single, professionally managed 401(k) structure, shifting core administrative and fiduciary responsibilities—such as compliance testing, audits, and Form 5500 filing—to Pentegra, the pooled plan provider. Mesirow serves as the ERISA 3(38) investment manager, overseeing fund selection and ongoing monitoring to ensure a well-governed investment lineup.
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“Employers continue to look for ways to offer robust retirement plan benefits without adding administrative burden or fiduciary exposure,” said Chris Magno, senior vice president and general manager, ADP Retirement Services. “Our new Pooled Employer Plan brings together scale, integration, and fiduciary support, giving investment advisors a flexible structure to help their clients manage plan costs while offering a well-governed retirement plan.” The offering also reinforces ADP’s advisor-centric approach by enabling RIAs to manage multiple clients through one unified platform, while embedded payroll and recordkeeping integration ensures real-time data accuracy and streamlined operations.
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