Understanding Pooled Employer Plans (PEPs)

How Did These Plans Get Started?

The bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law in December 2019, created pooled employer plans (PEPs) as a new, more widely available type of 401(k) multiple employer plan (MEP). Newport has supported these older MEPs for more than 20 years.

Unlike those older group plans, a PEP allows unrelated employers that do not share a common industry or location to participate in a single, pooled retirement plan. The intent is to help employers—particularly smaller to mid-sized companies—offer a 401(k) plan to their employees. 

Newport's PEP Solutions

Newport has been at the forefront of the PEPs marketplace, and was one of the first retirement service providers to file with the Department of Labor (DOL) to serve as a pooled plan provider.

In 2021 we launched our own PEP—Newport Secure Retirement*. We also developed and offer various “partner PEPs” in which we work with our advisor partners to offer these specialized services.  

With Newport Secure Retirement, Newport serves as the Pooled Plan Provider (PPP). This is the PEP’s plan administrator and named fiduciary. Employers who join the PEP are “member employers.” Click here to learn more about an Ascensus PEP.


*Registered as the Newport Secure Retirement Pooled Employer Plan with the Department of Labor.
Newport Group, Inc. is a registered Pooled Plan Provider offering professionally-managed Pooled Employer Plans (PEPs). More information regarding Newport's registration and available plans can be found using the search function at www.efast.dol.gov.

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. 

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Securities in California are offered through Newport Securities Insurance Services. For more information about Newport Group Consulting and its services, Newport Group Securities, Inc. or Newport Securities Insurance Services and services offered, please refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905, visit our website at www.newportgroup.com, or advisorinfo.sec.gov.  

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