May 30, 2024

Fred Reish Discusses Pooled 401(k)s With Bloomberg Tax

Benefits and employee compensation partner Fred Reish spoke with Bloomberg Tax in a recent article, “Pooled 401(k)s Receive Low Employer Buy-In as Confusion Persists.” 

Pooled 401(k) options were intended to address the growing shortage of worker access to employer-sponsored nest eggs in the U.S. and stem the tide of older Americans leaving the workforce without adequate savings. But pooled employer plans (PEPs) are proving too complicated and legally uncertain for many employers to join, threatening their long-term efficacy in bolstering retirement security.

Reish, however, advised the National Association of Plan Advisors to begin preparing for the number of PEPs to equal in size to the single-employer market within a decade.

The full article is available to Bloomberg subscribers.

Full Article

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