A Pooled Employer Plan (PEP) is a type of retirement savings plan established under the SECURE Act of 2019 in the United States. It allows multiple unrelated employers to join together to offer a single defined contribution retirement plan to their employees. By pooling resources, PEPs aim to reduce administrative burdens and costs for participating employers, making retirement savings more accessible for small and medium-sized businesses. One of the key benefits of PEPs is the potential for cost savings through economies of scale, as well as simplified administration and compliance requirements. Additionally, employees benefit from access to a wider range of investment options and potentially lower fees compared to individual employer-sponsored plans. Employers should carefully consider factors such as fiduciary responsibilities, investment selection, and provider fees when evaluating whether to join a PEP. Overall, Pooled Employer Plans offer a promising avenue for enhancing retirement security for workers and streamlining retirement plan administration for employers.