FuturePlan by Ascensus has launched the PATH Pooled Employer Plan in collaboration with Voya Financial, bringing institutional retirement capabilities to mid- and large-market employers. PATH PEP combines Voya as recordkeeper and trustee, Mesirow as 3(38) investment fiduciary, and FuturePlan as pooled plan provider, TPA, and 3(16) administrative fiduciary. The plan offers open investment architecture and institutional governance, aiming to fill a gap in the pooled plan landscape for larger, more complex organizations. FuturePlan President Kasey Price stated the launch reflects where the retirement market is headed, extending pooled plan advantages with institutional-grade infrastructure and advisor flexibility. Voya Financial VP Christina Buettel noted the collaboration helps employers and advisors navigate complexity while maintaining flexibility and strong fiduciary practices.
Voya Financial IncVoya is named as recordkeeper and trustee for the new PATH PEP, expanding its retirement services business.
PepsiCo IncMesirow is named as 3(38) investment fiduciary for the new pooled employer plan, gaining new business.