The Quintes 401(k) Pooled Employer Plan (PEP) - a smarter, simpler way to offer a 401(k) plan
A single, professionally managed 401(k) plan that multiple unrelated businesses can join to offer a high-quality retirement plan with less administrative responsibility.
What is a PEP?
One plan. Many employers. Oversight handled for you.
A Pooled Employer Plan (PEP) is a single 401(k) plan that allows multiple, unrelated businesses to
participate together. A Pooled Plan Provider (PPP) takes on key roles such as plan sponsor, named
fiduciary, and administrator. The PPP preforms these compliance, reporting, and oversight duties so you don’t have to
The result is a streamlined, modern approach that makes it easier for businesses of any size to offer a
high-quality 401(k) plan with reduced administrative and fiduciary responsibility.
Why employers join
The Quintes 401(k) PEP delivers a simple, expertly managed retirement plan
Less work for your company, a better retirement plan for your employees.
Simplify retirement benefits
A Pooled Employer Plan (PEP) lets multiple businesses join a
single, professionally managed 401(k):
- No need to run your own standalone plan
- Lower administrative burden
- The Quintes experts manage your retirement plan
Boost employee retention
Give your team the tools to build their financial future:
- Attractive retirement benefits for employees
- Encourages long-term loyalty
- Helps your business stand out as an employer
Easier than ever
Converting to the Quintes 401(k) PEP is simple:
- Compare your current 401(k) plan to the Quintes 401(k) PEP
- Adopt the Quintes 401(k) PEP
- Transfer your current 401(k) planassets to the Quintes 401(k) PEP
- Close down your employer sponsored 401(k) plan
A 401(k) plan managed by retirement plan professionals
Benefits of adopting the Quintes 401(k) PEP:
- Reduced administrative time and cost
- Professional selection of investment options
- Reduced fiduciary liability for the employer and its employees
- More time to focus on building your business
How the Quintes 401(k) PEP compares
This table compares the fiduciary and administrative responsibilities associated with an Employer sponsored 401(k) plan, an Employer’s participation in a Group of Plans (GOP) arrangement and an Employer’s adoption of a Pooled Employer Plan (PPP).
- 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.
Learn more
A plan that supports your people and your business
The Quintes 401(k) PEP delivers a simple, expertly managed retirement plan that supports your employees’ futures and your business goals.
See how a PEP can reduce time, lower liability, and control overall costs — without sacrificing quality.
SCALE
Lower overall plan costs
By joining a pooled plan with other employers, you gain access to economies of scale
typically reserved for larger organizations.
Reduced costs
Lower investment and administrative costs through shared plan economics.
Quality investments
Access to high-quality investment options usually available to larger plans.
Expert oversight
Professional oversight at a more competitive price point than going it alone.
GROWTH
Built for flexibility and growth
The Quintes PEP is designed to meet your company where it is today and grow with you over time. Whether your goal is to attract new talent, retain employees, or enhance your benefits package, we will help tailor a solution that fits your
needs.
When you join the Quintes PEP, you are not just adopting a plan — you are gaining a team. Our specialists work with you to design and support a retirement
solution that aligns with your goals, your workforce, and your budget.
Getting started
A simple path to a better 401(k)
01
Connect
Talk with Quintes about your company and your current 401(k).
02
Compare
Receive a custom comparison of your plan versus the Quintes 401(k) PEP.
03
Join
Joining a PEP is simpler and more accessible thanks to the SECURE Act.
04
Operate
Specialists administer the plan. You stay focused on growing the business.
Ready to explore the Quintes 401(k) PEP?
If you are ready to offer a high-quality retirement plan with less administrative responsibility, our team is here to help.
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