For Big Results, Focus on Small Plans

The retirement plan market continues to see rapid growth, nearing a million plans by 2030.¹ Much of this growth is driven by small plans resulting from government mandates for small employers.

Sometimes, it seems like there aren’t many options for smaller retirement plans. But there are ways to deliver a larger-plan experience to your small business clients.

Single-Plan Solution

For plans with less than $2 million in assets, we offer Accelerate. Accelerate delivers high-quality, small plan administration exclusively in partnership with third-party administrators and advisors.

Simplicity and Scalability

Our self-serve plan pricing tool is available 24/7, so you can get quotes and make decisions anytime. Our onboarding process is seamless and efficient, so you can start with minimal hassle. As plans grow, our scalable solutions ensure your clients’ needs are met without any disruption.

Transform Administrative Tasks With Accelerate

Let us help take the work off both your and your client’s plate by leveraging the administrative services by providing:

• Enrollment alerts and notice delivery
• Review and approval of distributions and loans
• Loan processing review to ensure payments are being made
• Distribution of low balances to terminated participants
• Required minimum distribution calculation and processing
• Optional ERISA 3(16) delegated administrative fiduciary services for TPAs

Investment Flexibility and Fiduciary Support

Choose from a range of competitive and non-proprietary investment options. Alternatively, we offer ERISA 3(21) and 3(38) fiduciary services from Morningstar. This gives you the flexibility to choose what best suits your clients’ needs, ensuring that the plan receives the required level of fiduciary support.

Pooled Employer Plans

For employers looking to outsource administrative responsibility and help maximize fiduciary protection, a pooled employer plan, or PEP, may be a good fit. A PEP is maintained as a single retirement plan that allows multiple unrelated employers to participate. A PEP helps clients achieve economies of scale more typical of larger plans.

Connecting the Pieces for a Streamlined Retirement Plan

A PEP operates like a traditional single employer retirement program. But most administrative services are outsourced to The Standard, which serves as the plan sponsor. Employers are responsible for submitting employee census data and ongoing contributions, while we manage the rest.

Simplify Management and Enhance Protection

A well-designed PEP takes much of the burden off employers while enhancing their fiduciary protection. By pooling resources, PEPs can often negotiate lower fees to help improve participant outcomes and meet administrative obligations.

Expertise and Service

Like all of our plans, Accelerate and PEPs are backed by our deep expertise in retirement plans and commitment to excellent service.

• We pride ourselves on our transparency in fees and pricing, which means you always know what you’re paying for.
• We focus on plan data accuracy. Data is scrubbed against nearly 100 validations and updated with every payroll submission for every employee. This laser focus on accountability can help provide peace of mind.
• Your clients might also like to know that we're consistently recognized for our best-in-class service.

Make retirement plan adoption more accessible and attractive to your small business clients. Speak with your local consultant about how Accelerate and PEPs can help grow your business.