Simpler, better retirement plans.
Understand Pooled Employer Plans (PEPs) and the KeyBank advantage.
The Key 401(k) Pooled Employer Plan (PEP) is a 401(k) retirement plan that allows unrelated businesses to participate in one plan, managed by a fiduciary administrator. Our PEP provides access to interactive record-keeping services, participant communications, and plan support, along with increased negotiating power.
Benefits of the Key 401(k) Pooled Employer Plan (PEP)
Administrative Relief & Time Savings
The pooled plan provider and plan administrator oversee the majority of day-to-day tasks.
Reduced Liability
Fiduciary support and responsibility are assumed by professional plan administrators.
Investment Expertise
Professional management of investment selection and performance oversight.
Participant Experience
Access to informative communications, plan notifications, and educational support.
Why should an employer consider Key’s 401(k) PEP?
- Simplicity
A pooled plan arrangement is designed to make retirement plan business simpler for clients. - Fiduciary Outsourcing
Fiduciary outsourcing significantly reduces investment fiduciary and administrative fiduciary responsibilities for employers. - Access to Industry
Clients can access interactive record-keeping technology and services, participant communications, investment management, and plan support. - Economies of Scale Pricing
Pooling of assets allows for economies of scale pricing for businesses so that they are not purchasing as an individual business, but as a part of a larger collective.
Let's talk.
Tell us about your employee retirement benefits, and your relationship manager will connect to review the many benefits of joining a PEP.
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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. Among other responsibilities, the PPP acts as the 3(16) plan fiduciary. Transamerica does not act as a 3(16) plan fiduciary.
Key Bank Institutional Advisors is the marketing name under which KeyBank National Association (KeyBank) offers investment management and fiduciary services to institutional clients.
Banking products and services are provided by KeyBank, Member FDIC. Trust and certain custody and investment management products are provided by KeyBank, a national bank with fiduciary powers. KeyBank is an Equal Housing Lender. All loans provided by KeyBank are subject to underwriting, credit, and collateral approval, in addition to origination or other transaction fees. Financing availability may vary by state. Restrictions may apply NMLS ID 399797.
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 potential loss of principal amount invested. There is no guarantee that investment objectives will be achieved. Past performance does not guarantee future results. Asset allocation and diversification do not guarantee returns or protect against losses.
Non-Deposit products are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY
Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528. Your Retirement Outlook® and Brighten Your Outlook® are registered service marks of Transamerica. Transamerica is not affiliated with KeyBank, Pentegra, nor their affiliates. 3259237 12/23
This material is provided solely for informational purposes and does not constitute investment, tax, legal or accounting advice on the matters addressed. Pentegra Services, Inc. is not affiliated with KeyBank National Association or Transamerica.
