If your credit union is offering a 401(k), you're already familiar with the administrative weight that comes with it — the compliance, the fiduciary responsibilities, the vendors you're managing. But there's a newer plan structure that's been quietly gaining traction, and it might change how you think about all of that.
In this episode, we're joined by Bob Edgar from The Standard and Morgan Steves from Gallagher to break down Pooled Employer Plans — what they are, who they're actually a good fit for, and where the market is heading. Whether you're actively evaluating your retirement plan options or just want to stay ahead of the conversation, this one's worth your time.
In this episode:
00:45 Get to know Bob and Morgan.
05:06 What is a Pooled Employer Plan, and how does it differ from what credit unions typically offer?
07:57 How to evaluate whether a PEP is the right fit for your credit union.
10:57 What’s driving the increased interest in PEPs, and where does industry adoption stand today?
12:57 Common misconceptions organizations have when evaluating their retirement plans.
17:26 The future for PEPs in the credit union space and what’s next for the industry.
20:33 Final advice for leaders considering a PEP for their organization.
This episode is sponsored by The Standard.
The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Standard Retirement Services, Inc., provides financial recordkeeping and plan administrative services. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc., are subsidiaries of StanCorp Financial Group, Inc., and all are Oregon corporations.
Investment advisory services are offered by Gallagher Fiduciary Advisors, LLC (“GFA”), an SEC registered investment advisor that provides retirement, investment advisory, discretionary and independent fiduciary services. Registration as an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the SEC. GFA is a limited liability company with Gallagher Benefit Services, Inc. as its single member. GFA may pay referral fees or other remuneration to employees of Arthur J. Gallagher & Co. or its affiliates or to independent contractors; such payments do not change our fee. Neither Arthur J. Gallagher & Co., GFA, their affiliates nor representatives provide accounting, legal or tax advice.
Securities offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Neither Osaic Wealth nor their affiliates provide accounting, legal or tax advice.