As a result of the Secure 2.0 Act, 20 states, including New York, have enacted legislation requiring employers to provide a retirement savings plan for their employees. While programs like NY Secure Choice and NJ Secure Choice are the default, many organizations prefer a more customizable alternative that can satisfy state mandates while offering greater flexibility and value to employees.
Why choose the ArtsPool Pooled Employer Plan?
The ArtsPool Pooled Employer Plan (PEP) is a qualified retirement plan that allows ArtsPool members to certify an exemption from state mandates. Unlike one-size-fits-all state programs, our plan is built for the unique needs of the nonprofit arts and culture sector.
- Socially Responsible Investing: Gain access to vetted socially-aligned portfolios that reflect your organization’s values.
- Customizable contributions: You control the employer match and employee eligibility thresholds.
- Pre-tax and Roth Options: Offer employees the choice of a traditional 401(k) or a Roth plan, which is missing from many Roth-only state plans.
- Built for Nontraditional Workforces: Our plan accommodates seasonal and part-time staff common in the arts.
- Dedicated Support: Professional guidance from Alerus Financial and the ArtsPool team.
- Multi-State Flexibility: If you have staff in multiple states, our plan provides a single, retirement benefits offering that allows you to satisfy varying state requirements without managing multiple state-run plans.
ArtsPool members utilizing our Workforce Administration services are eligible to participate in the Pooled Employer Plan. Get in touch to learn more about our services and how we can help you stay compliant and offer better retirement benefits for your workforce.
Submit an inquiry