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Aon has announced the launch of a pooled employer plan or PEP, a type of workplace retirement plan that lets unrelated employers participate in the same 401(k) plan. The PEP will take advantage of the expertise of Aon Investments USA., Aon’s investment solutions group, and Voya Financial will serve as the recordkeeper for the plan.

Pooled employer plans owe their existence to the SECURE Act passed in December 2019, which changed several regulations around multiple employer plans, enabling employers from a variety of businesses and industries to join a single 401(k) plan and offer it to employees.

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C.J. Marwitz

C.J. Marwitz is a writer and editor.

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