Category: Advisor Blog
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FAQ: Transition and Implementation
FAQ 1: How long does it typically take to transition a client to The 403(b) PEP? Most transitions occur within eight to twelve weeks, depending on the complexity of the client’s current plan and vendor relationships. The process involves onboarding with the third-party administrator, coordinating with recordkeepers, and transferring plan assets. Advisors are most involved…
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Why Pooled Employer Plans Make Smaller Non-Profits a Sustainable Part of Your Book
Many advisors have historically avoided smaller non-profits because of the administrative burdens associated with managing retirement plans for organizations with limited staff and resources. The time spent on compliance reviews, vendor management, and fiduciary oversight often outweighed the potential revenue, making it difficult to justify the relationship. However, the pooled employer plan structure changes this…
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Advisors as Educators: Helping Non-Profit Boards Understand Retirement Plans
Non-profit boards carry significant responsibilities, but most board members do not have deep expertise in retirement plan regulations or fiduciary requirements. This creates a natural role for advisors to act as educators, helping boards understand their responsibilities and the solutions available to them. Clear education not only strengthens relationships but also ensures that boards can…
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Understanding the 3(16) Administrator and Its Impact on Advisors
Another key role in the pooled employer plan framework is the 3(16) administrator. While the pooled plan provider oversees the plan as a whole, the 3(16) administrator takes on day-to-day fiduciary responsibilities for plan operations. This distinction is important for advisors to understand, particularly when explaining how the plan reduces administrative responsibilities for non-profit organizations.…
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Building Referral Networks in the Non-Profit Sector Through Retirement Plans
Advisors who work in the non-profit retirement space know that reputation and trust are essential. Unlike in the corporate world, non-profit executives and board members often participate in professional associations, regional networks, and community foundations where they frequently share experiences with one another. This dynamic creates an opportunity for advisors to build referral networks simply…
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Decoding the Role of the Pooled Plan Provider: What Advisors Should Know
The pooled plan provider is central to the operation of any pooled employer plan, yet many advisors are still learning exactly how this role functions. For advisors serving non-profit clients, understanding the pooled plan provider’s responsibilities is critical, as it helps explain to boards and executives how fiduciary and administrative duties are divided. The pooled…
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Advisor Support and Competitive Positioning
FAQ 1: What resources are available to help me present The 403(b) PEP to prospects? The PEP team provides advisors with tools such as customizable presentations, fee comparison templates, and access to technical specialists. These resources help advisors explain the structure clearly while maintaining their role as the primary client relationship manager. In addition, The…
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Advisors as Strategic Partners: Beyond Retirement Plan Administration
Advisors working with non-profit organizations often find themselves pulled into the details of plan administration. While this demonstrates commitment, it does not always reflect the full value advisors bring to the relationship. A pooled employer plan creates the opportunity for advisors to step back from day-to-day administration and focus on adding value as strategic partners.…
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Key Regulatory Drivers Behind the Growth of 403(b) Pooled Employer Plans
The expansion of pooled employer plans (“PEP”) in the non-profit space has not happened by accident. Regulatory shifts in recent years have created both the framework and the momentum for broader adoption. Advisors who understand these drivers are in a stronger position to guide boards and anticipate where the retirement plan landscape is headed. One…
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Eliminating Redundancy: How Pooled Employer Plans Streamline Multi-Vendor Environments
Many non-profits still operate in retirement plan environments where multiple vendors provide overlapping services. While this may reflect long-standing relationships, it often results in inefficiency, inconsistent communication, and additional administrative work for boards. Advisors can play a critical role in helping organizations simplify this landscape through the pooled employer plan structure. In a PEP, many…