What is a PEP?
A Pooled Employer Plan (PEP) is a modern approach to delivering 401(k) benefits, designed to help reduce administrative burden, transfer fiduciary risk, and lower costs and fees through economies of scale.
Instead of sponsoring and managing a standalone retirement plan, employers join a larger, professionally administered plan. This structure allows key responsibilities, such as fiduciary oversight, compliance, and administration, to be handled by experienced providers.
The Benefits of a PEP
The CBIZ Retirement Advantage PEP delivers dedicated governance without the operational burden of a traditional plan.
Cost Savings
Reduce administrative expenses and eliminate annual audit costs through shared economies of scale.
Full Fiduciary Outsourcing
Transfer key responsibilities to experienced professionals, including plan oversight, compliance, and investment management.
Audit Relief
By participating in a pooled structure, employers can reduce the burden and disruption of annual plan audits.
Built to Scale
Access institutional-quality governance and investment oversight without the complexity or cost of a standalone large-plan structure.
A Smarter Plan Model
Managing a retirement plan has become increasingly complex. Employers face growing fiduciary responsibilities, rising administrative costs, and disruptive annual audits.
The CBIZ Retirement Advantage PEP addresses these challenges directly by transferring key responsibilities to dedicated specialists. Employers no longer need to navigate compliance, manage multiple vendors, or carry the burden of plan oversight alone.
Fiduciary-Led by Design
Not all pooled employer plans are built the same. Many providers approach retirement plans as an add-on to payroll or bundled services, limiting visibility and leaving gaps in accountability.
By integrating ERISA 3(16) administrative services and 3(38) investment management, CBIZ reduces vendor fragmentation and improves overall plan oversight. The result is a more coordinated, transparent experience.
Let’s Connect
Ready to reduce retirement plan complexity and shift day-to-day burden off your team? Connect with our team to see how the CBIZ Retirement Advantage PEP can work for your organization.