Greater Lansing Hispanic Chamber

Pooled Employer Retirement Plan

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Pooled Employer Retirement Plan

Attract & Retain Talented Employees with an Employer-Sponsored Retirement Plan

SBAM understands what small businesses dislike about 401(k) plans – the cost, the time, and really not understanding your fiduciary responsibilities.  The SECURE Act allows employers from all industries and sizes to band together to create a new type of retirement plan:  Pooled Employer Plan (PEP). Employers may now participate in a PEP instead of sponsoring a traditional 401(k) plan.

The SBAM Pooled Employer Retirement Plan solves small businesses’ challenges when offering a retirement plan. The SBAM PEP is cost-effective and outsources administration and liability. Advantages include:

  • Start-up plans may be eligible for up to $5,000 tax credit to cover the TAG annual administrative fee (for 3 years).
  • Additional $500 annual credit for three years when a business establishes a retirement plan with automatic enrollment.
  • No initial set-up fees.

Join us as we review details about the program and answer all of your questions.

Register Now