LINCOLN,
Neb., May 20, 2024 /PRNewswire/ -- Ameritas has
announced an addition to its flexible retirement plan platform and
pooled employer plan (PEP) offerings. The Ameritas 403(b) PEP is
designed to support nonprofit organizations sponsoring ERISA 403(b)
plans – an underserved part of the retirement plan market, and a
pooled purchasing option more often available to large companies in
the for-profit marketspace.
Ameritas has announced an addition to its
flexible retirement plan platform and pooled employer plan
offerings.
Pooled employer plans allow unrelated organizations to band
together as "adopting employers" and share the retirement plan
purchasing power that can be difficult for smaller entities to
achieve on their own. From its extensive retirement plan platform,
Ameritas now offers the Ameritas 401(k) PEP to for-profit
businesses and the Ameritas 403(b) PEP to nonprofit
organizations.
The Ameritas 403(b) PEP offers an integrated platform supporting
compliance and fiduciary oversight, administrative recordkeeping
and reporting, flexible investment strategies and automated
engagement tools. That gives nonprofits another way to take care of
their valued employees and another benefit to offer job
applicants.
Instead of having to choose between sponsoring their own plan,
or offering no retirement plan, the PEP enables a nonprofit to
become an adopting employer. And that option removes a lot of the
complexity and distractions nonprofit executives hope to avoid when
looking at retirement benefits for their teams.
"Ameritas has a long record of providing the retirement plans
expertise, back-office services, and onboarding support that lean,
hardworking organizations are looking for," said Scott Holechek, vice president, institutional
sales, retirement plans. "That's one of our great strengths, doing
the heavy lifting for people-focused organizations, which frees
them to devote much more of their energy and resources to serving
others."
For more information about the Ameritas 403(b) PEP and other
pooled employer plans offered by Ameritas, visit Ameritas 403(b)
Plan Pooled Employer Plan (mypepconnection.com).
About Ameritas
Ameritas is a marketing name for
Ameritas Mutual Holding Company and its affiliated subsidiary
companies, including Ameritas Life Insurance Corp. and Ameritas
Life Insurance Corp. of New York.
Founded in 1887, Ameritas offers a wide range of insurance and
financial products and services to individuals, families and
businesses. These products and services include life insurance;
annuities; individual disability income insurance; group dental,
vision and hearing care insurance; and retirement plans. For more
information, visit ameritas.com.
Contact:
Derek Rayment,
Sr. Media Relations Specialist
Ameritas Life Insurance Corp.
Phone: 402-467-7850
derek.rayment@ameritas.com
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SOURCE Ameritas