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Pooled Employer Plan vs. State Mandated IRA

Trait Castle Rock PEP State IRA

Investment Options

Professionally Managed

Government Selected

Employer Match

Employer Option

None!

2024 Employee Contribution Limits

$23,000

$7,000

Pretax and Roth Contributions

Both Pretax and Roth

Roth

Annual Limit Employee + Employer

$69,000

$7,000

Age 50+ Catch-up Contribution

$7,500

$1,000

Employer Contribution Tax Credits

up to $1,000 per employee

None!

Plan Costs as Business Deductions

Your Choice

None!

 

  • $500 for three years

    To add automatic enrollment plan provision.

  • $250 for startup costs in first three years

    Per eligible non-highly compensated employee up to $5,000 each year.

  • $1,000 per employee

    For employer contribution to participants earning up to $100,000. Gradually reduces over five years. See IRS Form 8881.

State-Programs-Employer-Implementation-Timeline-Gantt-Chart from Georgetown University

Did you receive a letter from your state?

PEP Benefits

Just a few of the benefits of pooled employer plans...

  • Scalable for micro plans

  • Individual plan design

  • Reduced fiduciary risk

  • Zero audit fee

  • Outsource trustee role

  • One Form 5500

Plan feature
PEP Picture 2 Resized JPG

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