Core Insights - ADP has launched the Save4Retirement Pooled Employer Plan (PEP), allowing multiple unrelated employers to join a single, professionally managed 401(k) structure, which consolidates administration and reduces fiduciary risk [1][2] Group 1: Cost Savings and Administrative Efficiency - The Save4Retirement PEP provides scale-driven cost savings by sharing administrative costs among participating employers, leading to reduced plan expenses [2][8] - Significant administrative responsibilities, including compliance tests and audits, are shifted from employers to the pooled plan provider, Pentegra, thereby lowering fiduciary risk [2][8] Group 2: Investment Management - Mesirow serves as the ERISA 3(38) investment manager for the Save4Retirement PEP, overseeing the investment lineup and conducting ongoing investment monitoring [3][10] - Mesirow provides quarterly reporting to ensure transparency and proper documentation of fiduciary oversight [3] Group 3: Role of Investment Advisors - Independent registered investment advisors (RIAs) maintain a central advisory role, helping employers manage plan features while benefiting from a consolidated platform [4][8] - The collaboration with ADP's Participant Success Organization enhances participant enrollment and ongoing education [4] Group 4: Technology Integration - The Save4Retirement PEP is supported by ADP's embedded payroll and recordkeeping integration, ensuring real-time data synchronization between payroll and recordkeeping systems [5] - This integration promotes confidence in plan compliance and the integrity of participant accounts [5]