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Wednesday, September 24, 2025

Can PEPs Transform the Retirement Landscape?
A Look at Current Progress and Future Direction

Pooled Employer Plans (PEPs) had accumulated $9.41 billion in assets and surpassed 1 million participants as of December 2023, according to publicly available filings in the U.S. Department of Labor’s EFAST 5500 Database. Approximately 39,000 employers had adopted a PEP by the end of 2023.

On July 29, 2025. the U.S. Department of Labor published a Request for Information (RFI) that solicits information about prevailing PEP market practices, and the need for additional regulatory guidance. The idea behind PEPs sounds simple: Employers pool their resources to leverage collective buying power, reduce costs, and improve efficiency. However, in practice, PEPs vary widely, depending on the provider’s focus. Understanding these variations is crucial — choosing a PEP that aligns with a company’s needs and goals requires careful consideration of both the company’s size and its workforce dynamics.  Join us for a discussion about the current PEP market landscape, lessons learned, and future policy considerations.

Moderator:

  • Angela Antonelli, Research Professor and Executive Director, Center for Retirement Initiatives

Panelists:

  • Scott Carroll, Senior Consultant, Gallagher
  • Kevin Gaston, Head of Strategic Retirement Consulting, Vestwell
  • Michael Kreps, Principal, Groom Law Group
  • David Lipscomb, Product Manager, Pooled Plans, Ascensus
  • Michael Salerno, Founder and CEO, NPPG