The pooled employer plan (PEP) and multiple employer plan (MEP) provisions are among the most important retirement plan features of the Setting Every Community Up for Retirement Plan Enhancement (SECURE) Act of 2019, which took effect Jan. 1, 2021.
These plan structures have created excitement because they allow employees of more than one employer to participate in a single retirement plan, with the goal of limiting employer compliance responsibilities and fiduciary liability by outsourcing to a PEP or MEP provider.