KeyBank Institutional Advisors is the brand name under which KeyBank National Association (KeyBank) offers investment management and fiduciary services to institutional clients.

This material is provided solely for informational purposes and does not constitute investment, tax, legal or accounting advice regarding the matters addressed.

While reasonable efforts to obtain information from reliable sources has been made, we make no representation or warranties as to the accuracy, reliability or completeness of third party information presented herein.

Pooled Employer Plans (PEPs) are a new type of multiple employer plan for which the Department of Labor (DOL) and IRS guidance is still pending in a number of areas. An employer participating in the plan retains certain fiduciary responsibilities, including responsibility for retaining and monitoring the Pooled Plan Provider (PPP), for determining the reasonableness of its fees, and for periodically reviewing the plan as a whole. 

Nothing in this communication should be construed as the commencement of operations by a PPP prior to registration as a PPP. Among other responsibilities, the PPP acts as the ERISA 3(16) Plan Administrator.

Pentegra Services, Inc. (Pentegra) serves as the PPP and the ERISA 3(16) Plan Administrator for the PEP. KeyBank serves as the 3(38) Investment Manager to the PEP. Transamerica serves as the Recordkeeper for the PEP.

Pentegra, KeyBank, and Transamerica are separate and unaffiliated companies.

KeyBank and its affiliates do not provide tax or legal advice. Individuals should consult their personal tax advisor or attorney before making any tax-related investment decisions.

Investing involves risk, including the potential loss of money invested. Past performance does not guarantee future results. Asset allocation and diversification do not guarantee a profit or protect against loss.

Non-Deposit products are: