Consultants, advisers to play key role in PEP market – panel
Aon’s Beth Halberstadt
Plan consultants and advisers will play a pivotal role in the development of the pooled employer plan market, according to a panel discussion held Thursday at
Pensions & Investments four-day Defined Contribution Spring Virtual Series. Plan advisers are almost like the catalyst, said Joan Neri, an attorney with Faegre Drinker Biddle & Reath. They re going to plan sponsors, they re going to meetings and then they re presenting this as an option.
Panelists agreed that small plan sponsors would be the earliest to move into pooled employer plans for a variety of reasons, including the ability to quickly transition their plans.