HUB Retirement and Private Wealth (HUB RPW), a division of Hub International Limited (HUB) has launched the HUB Retirement Select PEP (Pooled Employer Plan).
It is designed for clients with fewer than 100 employees in the United States that are seeking to offer 401(k) retirement plans, with the opportunity to reduce costs, complexity, fiduciary responsibility, and administrative burdens. HUB Retirement Select PEP complements single-employer HUB Retirement Select options now available for small business.
The SECURE Act of 2019 provided small-business tax incentives for establishing a retirement plan and created PEPs to help close the retirement plan-coverage gap and simplify the process, making saving for retirement easier and more accessibl
