Horizon's Pooled Employer Plan (PEP)

Horizon is now offering a Pooled Employer Plan (PEP), which enables employers of all sizes to join a professionally managed employee retirement plan under the administration of Horizon.

Professionally managed: Horizon oversees your retirement plan setup, employee enrollment, implementation, monitoring, and more.
Simplified administration: Pooled plans are easier to manage, reducing administrative burden.
Lower costs: Managing a single pooled fund can be less costly to manage than individual 401(k) accounts.

How Does a Pooled Employer Plan (PEP) Work?

Pooled Employer Plans (PEPs) are a defined contribution plan - like a 401(k) - in which multiple employers can participate. This new type of retirement plan, designed specifically for small businesses and their employees, allows employers of any size to pool their assets into a plan professionally administered by Horizon.

Deciding Which Plan is Best for Your Business and Employees

Navigating the landscape of retirement plans for your business and employees can be a pivotal decision. As you embark on the journey of deciding which plan aligns best with your company's objectives and your employee's financial well-being, careful consideration is paramount.

401(k) is a Popular Option for Many Companies

Traditional 401(k) plans are a popular choice for businesses of all sizes. They offer a level of customization and individual control that can be very attractive to employees. Additionally, the ability to match employee contributions can be a strong incentive for recruitment and retention.

However, managing 401(k) plans can be complex and may require more administrative resources. Employers must ensure compliance with various regulations, including those related to documentation, nondiscrimination testing, and legal reporting.

Pooled Employee Plans Can Streamline Operations

Pooled employee retirement plans can be an excellent choice for businesses looking to streamline retirement benefits administration. These plans simplify the process for both employers and employees, reducing administrative overhead and costs.

With a pooled plan, your business shares the administrative responsibilities and costs with other participating employers. This can be particularly beneficial for small business owners that may not have the resources to manage a comprehensive 401(k) plan on their own.

Horizon's Pooled Employer Plan (PEP)

How Does a Pooled Employer Plan (PEP) Work?

Deciding Which Plan is Best for Your Business and Employees

401(k) is a Popular Option for Many Companies

Pooled Employee Plans Can Streamline Operations

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