To provide Chicagoland businesses with a new option, the Chicagoland Chamber and Mesirow recently announced a new retirement plan. A Pooled Employer Plan (PEP) is a new type of retirement savings plan that gives your organization an option to pool with other organizations under one plan — reducing fees, lessening risk, and saving time. Like other plans, they also provide personalized financial wellness education for participants.
Your organization can convert an existing plan into a PEP or start a new 401(k) plan. Hear from Mesirow’s Retirement Advisory Services professionals about whether a PEP is the right option for your business. With a comprehensive knowledge of the required processes to help plan sponsors succeed, Mesirow Retirement Advisory Services is a reliable source for managing fiduciary risk, providing strategic plan consulting, performing qualitative and quantitative investment monitoring on plan assets and developing solutions to assist employees in saving for retirement.
Participants of the Pooled Employer Plan experience a new kind of defined contribution plan similar to the 401(k) plans offered today by individual employers, but with many advantages for you and your employees. Mesirow Retirement Advisory Services and the Chicagoland Chamber seek to empower participants to take control of their financial future while providing the necessary tools and resources to help minimize costs, liabilities and hassles.
If you are interested in converting an existing plan into a PEP or starting a new 401(k) plan, a Mesirow retirement plan specialist can provide a free analysis to determine if the Chicagoland Chamber PEP is right for you.