Lutz Expands 401(K) Services with Pooled Employer Plan (PEP) Offering

Lutz Financial (www.lutz.us), an SEC Registered Investment Advisor and affiliate of business solutions firm Lutz, recently announced its partnership with Newport, an independent retirement services provider, to offer the Lutz Financial Pooled Employer Plan (PEP).

“This retirement plan solution, made possible with the passing of the SECURE Act, enables employers of all sizes, industries, and locations to come together and adopt the benefits of one professionally managed retirement plan,” said Lutz Financial Director Chris Wagner. “Participating employers benefit through reduced administrative burdens, fiduciary risks, and lower overall retirement plan costs achieved through economies of scale.”

Lutz selected Newport as a partner because of its extensive retirement plan capabilities, award-winning service, and industry-leading technology. The company provides solutions tailored to the needs of employers of every size, from small businesses to the Fortune 1000. Newport’s retirement recordkeeping services support more than 39,000 plans and 1.5 million plan participants, representing over $150 billion in retirement assets under administration. Learn more about Lutz’s Pooled Employer Plan services at: www.lutz.us/lutz-financial-services/pooled-employer-plan.

Lutz is the business solutions firm for those seeking a partner to help energize and heighten financial and organizational success. Their team was born and raised in Nebraska and is experienced in simplifying complexities and providing accounting, wealth management, recruiting, M&A, and technology services. They embrace each individual business to find the best solutions that will help them thrive. Find more information about Lutz at www.lutz.us.