PlanMember Announces Pooled Employer Plan
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CARPINTERIA, Calif., April 13, 2021 /PRNewswire/ PlanMember Financial Corporation, an independent provider of defined contribution services and solutions, is partnering with Newport Group, Inc. ( Newport ) to offer the PlanMember Pooled Employer Plan. This modern retirement plan solution will enable unrelated plan sponsors to pool together to achieve economies of scale, lower overall plan cost, reduced fiduciary liability and outsourced plan administrative responsibilities. Plan participants will benefit from one-on-one retirement planning, innovative technology and personalized service. Newport Group will serve as the Pooled Plan Provider and PlanMember will provide 3(38) fiduciary investment services.