Retirement Plan Services
Pioneering Retirement Solutions for Head Start Programs and Nonprofits
November 14, 2024
At Benefit Commerce Group, an Alera Group company, we are excited to announce a major milestone in our mission to provide tailored retirement solutions to nonprofit organizations: the launch of the Head Start Retirement Program Pooled Employer Plan (PEP). Spearheaded by our Fraser Group division in partnership with GPS and Voya, the program has successfully welcomed its first plan sponsor, the Oregon Social Learning Center (OSLC) in Eugene, Oregon. This marks the beginning of a transformative effort to help Head Start agencies and nonprofits reduce the complexity and administrative burden of offering retirement plans.
The Head Start PEP is designed specifically to address the unique challenges faced by Head Start agencies and nonprofits, making it easier for them to offer retirement benefits to their employees. By pooling the resources of multiple organizations, this program allows agencies to share the costs and administrative responsibilities typically associated with retirement plan management. This empowers organizations to focus on their core mission—supporting children and families—while providing their staff with a secure retirement solution.
This accomplishment represents the culmination of years of work and dedication. As George Fraser, Senior Partner at Fraser Group, explains, "This PEP has been a shared vision with Mitch Haber at Voya, whose commitment has been integral in bringing this program to life." Over the past five years, George and his team have been instrumental in raising over $350,000 in scholarships for Head Start educators, many of whom are the first in their families to attend college. This program is an extension of that mission—helping empower those who serve the next generation.
With several more Head Start and nonprofit organizations preparing to join, the Head Start PEP is on a path to grow and make an even larger impact. We are proud of this collaboration and the positive change it is already driving. A special thank you to GPS, Voya, Region 9 Head Start, and all our partners for their unwavering support in making this program a reality. Together, we are building a brighter future for those who dedicate their careers to helping others.
https://www.planadviser.com/new-pep-head-start-programs-launches-oregon-based-plan-sponsor/
ABOUT Benefit Commerce Group
Benefit Commerce Group (BCG), an Alera Group company, is a progressive and results-driven employee benefits, retirement plan services and commercial property & casualty consulting and brokerage firm. We are committed to creating strategies and solutions that make life easier and better for companies and their HR teams by providing the best cost-effective benefits value for employers, employees and families, including retirement plan services, and providing risk management and insurance services to businesses. We do this through collaboration—with our clients, our own experienced team, and with other Alera Group locations across the nation. Alera Group is the nation’s 15th largest broker, providing powerful solutions in employee benefits, property & casualty, and wealth services for clients across the country. For more information on BCG, call us at 480-515-5010, visit our website: benefitcommerce.aleragroup.com and follow us on LinkedIn.
For more information, contact:
Natalie Beck
(480) 536-7029