Simpler, better retirement plans.

Understand Pooled Employer Plans (PEPs) and the KeyBank advantage.

Contact Us

The Key 401(k) Pooled Employer Plan (PEP) is a 401(k) retirement plan that allows unrelated businesses to participate in one plan, managed by a fiduciary administrator. Our PEP provides access to interactive record-keeping services, participant communications, and plan support, along with increased negotiating power.

Benefits of the Key 401(k) Pooled Employer Plan (PEP)

image not found

Administrative Relief & Time Savings

The pooled plan provider and plan administrator oversee the majority of day-to-day tasks.

Reduced
Liability

Fiduciary support and responsibility are assumed by professional plan administrators.

graph icon.

Investment Expertise

Professional management of investment selection and performance oversight.

Participant Experience

Access to informative communications, plan notifications, and educational support.

Why should an employer consider Key’s 401(k) PEP?

  • Simplicity​
    A pooled plan arrangement is designed to make retirement plan business simpler for clients.
  • Fiduciary Outsourcing​
    Fiduciary outsourcing significantly reduces investment fiduciary and administrative fiduciary responsibilities for employers.
  • Access to Industry
    Clients can access interactive record-keeping technology and services, participant communications, investment management, and plan support.
  • Economies of Scale Pricing
    Pooling of assets allows for economies of scale pricing for businesses so that they are not purchasing as an individual business, but as a part of a larger collective.

Let's talk.

Tell us about your employee retirement benefits, and your relationship manager will connect to review the many benefits of joining a PEP.

By providing your contact your information on this form, you are agreeing to be contacted about KeyBank’s products and services.
We will not share your email address with third parties. See our Privacy Policy.

* Indicates required field.

Pooled Employer Plans (PEPs) are a new type of multiple employer plan for which the Department of Labor (DOL) and IRS guidance is still pending in a number of areas. An employer participating in the plan retains certain fiduciary responsibilities, including responsibility for retaining and monitoring the Pooled Plan Provider (PPP), for determining the reasonableness of its fees, and for periodically reviewing the plan as a whole. Among other responsibilities, the PPP acts as the 3(16) plan fiduciary. Transamerica does not act as a 3(16) plan fiduciary.

Key Bank Institutional Advisors is the brand name under which KeyBank National Association (KeyBank) offers investment management and fiduciary services to institutional clients.

Banking and trust products and services are provided by KeyBank, Member FDIC. KeyBank and its affiliates do not provide tax or legal advice. Individuals should consult their personal tax advisor or attorney before making any tax-related investment decisions. Investing involves risk, including the potential loss of money invested. Past performance does not guarantee future results. Asset allocation and diversification do not guarantee a profit or protect against loss

Investment products and services are:

NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY

Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528. Your Retirement Outlook® and Brighten Your Outlook® are registered service marks of Transamerica. Transamerica is not affiliated with KeyBank, Pentegra, nor their affiliates. 3259237 12/23

This material is provided solely for informational purposes and does not constitute investment, tax, legal or accounting advice on the matters addressed. Pentegra Services, Inc. is not affiliated with KeyBank National Association or Transamerica.

©2024 KeyCorp.