The Standard Expands Pooled Employer Plan Capabilities with New 403(b) PEP for Nonprofit Organizations
Standard Insurance Company (The Standard) announced the expansion of its pooled employer plan (PEP) capabilities with the introduction of an ERISA 403(b) PEP for nonprofit organizations. Catch more HRTech Insights: HRTech Interview with Emma Lavelle, Chief Operating Officer, UneeQ “Nonprofit employers often face greater time, staffing and resource constraints than private-sector organizations, and the pressure to manage benefits costs continues to grow,” said Steve Chappell, AVP of Retirement Plan sales at The Standard. With the launch of the new PEP, The Standard extends its 401(k) PEP leadership and expertise into the 403(b) market, giving nonprofit employers a pooled plan option that can help expand retirement plan access to this underserved sector. “Nonprofit employers often face greater time, staffing and resource constraints than private-sector organizations, and the pressure to manage benefits costs continues to grow,” said Steve Chappell, assistant vice president of Ret...