What is a Pooled Employer Plan?

Mesirow Retirement Advisory Services is now part of Creative Planning.

Learn more about their Retirement Services capabilities. 


Mesirow is committed to helping employers...

manage fiduciary risk and attract/retain employees, so we offer a Pooled Employer Plan or “PEP.” A PEP enables employers to “pool” their retirement plans together reducing cost and enhancing services for its members. Now small- to mid-sized employers can pool together in the same retirement plan, providing affordable benefits similar to some of the largest companies in the US.

The advantages of a PEP



Costs are often lower than traditional single-employer plans.



Fiduciary duties related to administration, investment and compliance are outsourced to experts, limiting your fiduciary liabilities.



The pooled plan provider (PPP) is responsible for most of the plan’s operations.



Participants can take full advantage of myFinancial Future®, Mesirow’s approach to financial wellness in the workplace.

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Does your state have a mandated retirement plan?

Many states have begun to require small businesses to provide retirement benefits to their employees as a way to address the retirement savings gap in this country.  Businesses generally have two ways to comply with these laws—enroll their employees into a state-sponsored retirement program or sponsor a plan of their own through the private market, such as those offered by Mesirow. 

Research your state

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Why Mesirow? 

Mesirow Retirement Advisory Services provides retirement plan services to corporations, municipalities and nonprofit organizations nationwide. We help plan sponsors and employers manage fiduciary risk, provide strategic plan consulting, perform qualitative and quantitative investment monitoring on plan assets and develop solutions to assist employees in saving for retirement.

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We take on the fiduciary risk

Mesirow offers a well-rounded support program designed to take the administrative burden off the employer.

  • Fiduciary services - ERISA focused experts take the helm, allowing the adopting employer’s professionals to do what they do best. We assume responsibility for all fiduciary functions that are allowed by the SECURE Act.

  • Trustee and custodial services - Newport Trust Company will perform all required trustee functions for the PEP including overseeing contributions to and distributions from plan assets.

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We manage the work for you

  • Recordkeeping and administrative services - Whether you are starting a plan or converting an individual plan to the PEP, we ensure a smooth transition. We take care of onboarding, plan participant transactions as well as plan compliance and reporting.

  • Adopting employer support services - We provide you with the tools and support teams needed to succeed. The compliance team ensures the PEP’s plan documents stay up-to-date. Your onboarding team will support you as you join the PEP.  Your assigned client service manager will coordinate all your day-to-day plan interactions.

  • Participant support services - We empower participants to take control of their financial future through our wellness program called myFinancial Future. With customized advisor managed accounts, education, group meetings and the ability to talk one-on-one with a financial planner, participants can plan for what’s ahead.

How a PEP plan works

A PEP program allows individual qualified retirement plans to pool assets together in the same retirement plan, providing benefits such as reduced plan expenses and reduced fiduciary liabilities.*

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*Mesirow Retirement Advisory Services serves as an ERISA 3(38) investment manager for the Pooled Employer Plan (PEP) and Newport Group Inc. (Newport) serves as the Pooled Plan Provider (PPP).

Advisory services offered by Mesirow Financial Investment Management, Inc. (MFIM), an SEC-registered investment advisor. Securities offered through Mesirow Financial, Inc., member FINRA and SIPC. Advisory Fees are described in Mesirow Financial Investment Management Inc.’s Part 2A of the Form ADV. Mesirow  refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2022, Mesirow Financial Holdings, Inc. All rights reserved.

Mesirow is not affiliated with The Newport Group LLC. or any of their affiliates. MyFinancial Future® utilizes advisor managed accounts to deliver customized investment management and financial planning services to plan participants to improve retirement readiness. The program goes beyond the typical “age-based” investment strategy to look at your individual situation and retirement goals to create an investment strategy that is tailored uniquely to you. Additionally, you have access to a robust user portal which allows you to integrate your other investment and savings accounts while providing planning tools and features that enhance your ability to plan for retirement.