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Aon has announced the launch of a pooled employer plan or PEP, atype of workplace retirement plan that lets unrelated employersparticipate in the same 401(k) plan. The PEP will take advantage ofthe expertise of Aon Investments USA., Aon's investment solutionsgroup, and Voya Financial will serve as the recordkeeper for theplan.

Pooled employer plans owe their existence to the SECURE Actpassed in December 2019, which changed several regulations aroundmultiple employer plans, enabling employers from a variety ofbusinesses and industries to join a single 401(k) plan and offer itto employees.

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C.J. Marwitz

C.J. Marwitz is a writer and editor.