11.16.20

DOL Issues Key Rule for Pooled Employer Plans

by: Emile Hallez

Prospective pooled employer plan (PEP) providers can begin registering on November 25 and launch their plans as soon as January 1, the DOL announced Thursday. The final rule on registration requirements for PEP providers takes effect this month. Notably, the final version of the rule extends a waiver for applicants between November 25 and January 31, allowing them to forgo the normal 30-day period between filing and beginning a PEP. In the rule issued Thursday, the DOL clarified requirements for PEP registration and the filings the providers will be required to make after their plans are in operation.

Read the full article on InvestmentNews.