Business
Bernstein Private Wealth Management Unveils New Pooled Employer Plan
Bernstein Private Wealth Management ("Bernstein"), a unit of AllianceBernstein L.P. (NYSE: AB), announced today the launch of the Bernstein PEP, a new pooled employer plan designed to enhance retirement benefit options for small to-mid-sized businesses and private equity firms. This nationwide offering provides a streamlined, cost-effective retirement solution for employers looking to provide competitive retirement benefits without the complexities of managing a traditional 401(k)."We are excite
About this update from Alliancebernstein Holding L.p.
[{"type":"text","content":"- Expands Retirement Benefit Options for Small to Mid-sized Businesses and Private Equity Firms-","length":141,"tagName":"p","attribs":{}},{"type":"text","content":"-Offers Greater Investment Access, Cost Savings, and Simple Plan Management-","length":116,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, Oct. 9, 2025 /PRNewswire/ -- Bernstein Private Wealth Management ("Bernstein"), a unit of AllianceBernstein L.P. (NYSE: AB), announced today the launch of the Bernstein PEP, a new pooled employer plan designed to enhance retirement benefit options for small to-mid-sized businesses and private equity firms. This nationwide offering provides a streamlined, cost-effective retirement solution for employers looking to provide competitive retirement benefits without the complexities of managing a traditional 401(k)."We are excited to bring our new PEP to the DC retirement market in collaboration with Empower and the National Professional Planning Group," said Halley Love, Head of Bernstein Retirement. "Retirement plans are common across small to mid-sized businesses and private equity firms, yet many still operate without the full governance structure, administrative efficiency, or participant engagement tools needed to drive long-term impact. Our PEP addresses these gaps by simplifying plan management, reducing complexity, and helping employers deliver a more robust and engaging retirement benefit to their employees."The Bernstein PEP aims to make retirement plans easier for employers to manage while delivering a unique experience for employees. It combines institutional quality investments, intuitive participant engagement tools, and simplified oversight. Bernstein serves as the 3(38)-investment advisor, Empower as the recordkeeper, and the National Professional Planning Group (NPPG) as the pooled plan provider (PPP).","length":1588,"tagName":"p"},{"type":"text","content":"Introduced in 2019 by the SECURE Act, PEPs are retirement plans that allow multiple employers from unrelated businesses to participate in a single retirement plan run by a third-party provider. This structure helps small to mid-sized companies and private equity firms to offer a more competitive workplace benefit that reduces admini...