Pooled Employer Plans

We Make Money Fun

English - January 05, 2022 14:00 - 17 minutes - 16.4 MB - ★★★★★ - 2 ratings
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Heritage Financial Website: https://www.heritagefinancialaz.com/

Hayden Gerwein from Howard Capital Management is back today, joining Shanna Tingom and Adam Miller from Heritage Financial. And we are discussing Pooled Employer Plans - a way for small business owners to pool resources to offer retirement benefits to their employees.

(Disclosure: The Heritage Financial Strategies Team will be using a PEP from Howard Capital for their employees beginning January 1, 2022.)

Hayden explains how these Pooled Employer Plans work, and Shanna explains why, in the wake of the SECURE Act, this was the right time to implement it for her employees.

We go through the flexibility of these plans, including what small business owners control when putting together options for their employees, and why they can be advantageous in terms of the financial cost as well as time invested.