The Quintes 401(k) PEP - meet the future
of 401(k) plans
Since 1986, Quintes has helped organizations design and manage their employer sponsored retirement plans with confidence. Passage of the SECURE Act in 2019 and with it, the creation of Pooled Employer Plans (PEP) changed the landscape of 401(k) plans forever. An employer no longer needs to bare the administrative burden and fiduciary liability of sponsoring a 401(k) plan. From now on these duties can be outsourced to a Pooled Plan Provider (PPP). Employer sponsored 401(k) plans finally have a clear path forward. We believe the Quintes 401(k) PEP is the best option available. None of the alternatives, whether a traditional employer-sponsored 401(k), a Group of Plans, or a Multiple Employer Plan, can compete with what the Quintes 401(k) PEP delivers.
Upgrade your retirement plan with the Quintes 401(k) PEP
The Quintes 401(k) Pooled Employer Plan (PEP) provides a more efficient way to offer a competitive retirement plan. By joining a single, professionally managed plan, employers can reduce fiduciary responsibility, simplify compliance, and limit day-to-day administrative work. Quintes manages key functions so you can spend less time on plan oversight and more time on your business. This is a modern approach designed for today’s workplace, helping you offer more while managing less.
Your action today secures their tomorrow
At Quintes, we help you deliver that through a more efficient solution. The Quintes 401(k) Pooled Employer Plan (PEP) allows you to offer a high-quality retirement benefit while reducing the time, complexity, and fiduciary responsibility of managing a plan on your own.
With experienced oversight and a streamlined structure, you can stay focused on running your business while we help support your employees’ financial future.
Why employers choose the Quintes 401(k) PEP
The Quintes 401(k) PEP delivers a simple, expertly managed retirement plan that supports your employees’ futures and your business goals. A Pooled Plan Provider takes on key roles such as plan sponsor, named fiduciary, and administrator—so much of the compliance, reporting, and oversight is handled on your behalf.
Fiduciary responsibilities handled by experts
Why assume the fiduciary liability
of an employer-sponsored 401(k) plan and change the last part to The Quintes 401(k) PEP eliminates your role as a plan trustee.
Lower administrative burden & cost
Participation in a PEP reduces administrative complexity and cost. No need to run your own standalone plan, rely on Quintes to do it all.
Rely on the 401(k) specialists at Quintes to run your plan
End-to-end accountability lets you focus on your business. The professionals at Quintes make sure your 401(k) plan delivers the best benefit possible to your employees.
How the Quintes 401(k) PEP compares
- Employer’s Fiduciary Duty
- Employer Sponsored 401(k) Plan
- Employer Sponsored 401(k) Plans Using a Group of Plans (GOP) Structure
- Employer Adopts the Quintes 401(k) Pooled Employer Plan (PEP)
- Comparison Comments
- Cost Comments
- Plan administration, i.e., 3(16) duties
- Employers are responsible for all administrative functions. They typically hire a Third-Party Administrator (TPA) to assist them with their 3(16) duties.
- Employers are responsible for all administrative functions. GOPs offer a simplified plan design that includes a TPA.
- Quintes, as the Pooled Plan Provider (PPP), is responsible for all administrative functions.
- Adoption of the Quintes 401(k) PEP transfers administrative responsibility from the employer to Quintes.
- The Quintes 401(k) PEP administrative cost is competitive with both employer sponsored options.
- Plan trustee
- Typically, employer owners or senior management act as the plan trustees.
- GOPs typically include a corporate trustee service.
- Voya Trust Company is the corporate trustee for the Quintes 401(k) PEP.
- The use of a corporate trustee significantly reduces fiduciary liability for employer owners and senior management.
- The Quintes 401(k) PEP corporate trustee cost is typically less than both employer sponsored options.
- Plan recordkeeping
- Employers are responsible for selecting, monitoring, and benchmarking the recordkeeper’s services and fees.
- The GOP selects the recordkeeper. Employers are responsible for monitoring and benchmarking the recordkeeper’s services and fees.
- Quintes selects the PEP's recordkeeper. It is Quintes' duty to monitor and benchmark the recordkeeper's services and fees.
- Quintes has the expertise to select and monitor the investment options offered to plan participants. Adoption of the Quintes 401(k) PEP eliminates the employer's fiduciary duty to select and monitor plan investments.
- Because Quintes has the expertise to analyze recordkeepers and the scale to negotiate cost, the Quintes 401(k) PEP recordkeeping cost is typically less than both employer sponsored options.
- Investment selection and monitoring, i.e., 3(38) duties
- The investment committee of the employer selects the investment options offered to plan participants. The employer typically hires an Advisor to perform the investment selection and monitoring process.
- The GOP includes a pre- determined Advisor to select and monitor the investment options offered to plan participants.
- Quintes selects the PEP's investment options. It is Quintes' duty to monitor and benchmark the investment lineup
- Quintes has the expertise to select and monitor the investment options offered to plan participants.
- Because Quintes has the expertise to analyze plan investments and the the scale to negotiate cost, the Quintes 401(k) PEP investment menu is typically better performing and less expensive than both employer sponsored options.
- Annual CPA audit cost
- Employers select the CPA that will perform the audit and negotiates the audit cost.
- Employers select the CPA that will perform the audit and negotiate the audit cost.
- Quintes selects the CPA that will perform the audit and negotiates the audit cost.
- Quintes has the knowledge and expertise needed to select a qualified CPA to perform the plan audit at a competitive cost.
- Employers or their plan participants pay the audit fee when they sponsor a 401(k) plan or use a GOP. Quintes pays the PEP's audit fee. Adoption of the Quintes 401(k) plan typically results in lower cost to the employer or their plan participants.
- Participant education
- Employers may hire an Advisor to supplement the recordkeeper's participant education services.
- Employers may hire an Advisor to supplement the recordkeeper's participant education services.
- Quintes allows employers to hire an Advisor to supplement Voya's participant education services.
- All options allow the employer to hire an Advisor to provide supplementary participant education services.
- Employers make the decision to use the recordkeeper's online participant education features or hire an Advisor to supplement these features.
Simplify retirement benefits. Offer more, manage less.
- No need to run your own standalone plan
- Access to a wider range of investment options
- Peace of mind for employers of any size
A simple path to a better 401(k) plan
01
Connect
Reach out to Quintes and tell us about your current 401(k) plan and retirement plan objectives.
02
Compare
Get a custom
comparison of how your
current plan 401(k) stacks up against the Quintes 401(k) PEP.
03
Join
Onboarding is simple. Our experts will guide you through the process of merging your current 401(k) plan into the Quintes 401(k) PEP.
04
Focus on business
“I like not being a plan trustee!”
Ready for the future of 401(k) plans?
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