Pooled Employer Plans (PEPs) vs. SIMPLE IRA

There are now many different retirement plan options for employers. It is becoming more common to see Pooled Employer Plans (PEPs) and SIMPLE IRAs evaluated against one another. Both types of plans can be good options for the right situation. We take a look at the differences between the two plans here:


Both SIMPLE IRAs and Pooled Employer Plans offer valuable retirement benefits for employees and employers. The choice between the two depends on factors such as the size of the business, administrative preferences, and the willingness to take on fiduciary responsibilities. It’s essential to consult with a financial advisor or retirement plan expert to determine which plan aligns best with your organization’s goals and workforce structure.

If you currently have a SIMPLE IRA and are interested in converting the plan, SECURE 2.0 recently made it easier to switch a SIMPLE IRA to a 401(k).

Looking to start a plan or make changes to your current plan?

Whether you’re looking to start a retirement plan for the first time or make changes to your existing plan, our team can walk you through the options that make sense for your organization.