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Pooled Employer Program: Retirement Benefits for Your Employees. Cost Savings for You.

OBI has joined with The Partners Group to offer OBI members discounted participation in TPG’s innovative 401(k) retirement option: The Partners Retirement Plan.

The Partners Retirement Plan is a pooled employer plan (PEP), now allowed under federal law. A PEP allows employers to offer a 401(k) benefit to employees – while maintaining individual company design and control over the benefit – in a group program that reduces risk, administrative compliance time and direct costs.

And members of OBI can see even more savings because TPG offers special pricing to OBI members!

Advisory services offered through TPG Financial Advisors, LLC, an SEC-Registered Investment Advisor and a wholly owned subsidiary of The Partners Group, LLC.

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Benefits of The Partners Retirement Plan for OBI Members

Economies of Scale

By having multiple employers in one large pool, you share in the administrative costs and realize savings.

Reduced Liability

Professional fiduciaries oversee plan investments and administration, so you can rest assured the plan will meet compliance deadlines and requirements.

Reduced Workload

The PEP is managed by a team of professionals, so most of the workload to manage the program is shifted away from your team, allowing them to focus on other important tasks.

Plan
Flexibility

You are still in the driver’s seat to determine the appropriate plan design for your organization (eligibility, employer match, vesting schedule, etc.).

Improved Audit Process

Free your team from managing the annual audit. Your team will no longer need to oversee the process, and the costs are significantly lower within the PEP compared to a stand-alone plan.

Individual Investment Control

Participants maintain the ability to manage their own 401(k) investment allocation.

Trusted, Credible Partners

TPG and The Standard will partner with your organization as plan fiduciaries. Both have deep roots in Oregon and have long partnered with employers to ensure their retirement plans run smoothly and effectively.

You don’t need to do it alone!
The Partners Retirement Plan for OBI members is a win-win for you and your employees.

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Why is OBI Offering this Extraordinary Member Benefit?

Oregon law requires employers to offer a retirement savings plan to their employees. Employers can do this through a government-sponsored program (OregonSaves) or through a qualified retirement plan like a 401(k).

Many employers are looking for any opportunity to reduce costs across their organizations. Joining the PEP could help save money on administrative and audit costs without changing the benefit for employees. Win!

Many other employers struggle to keep up with the ongoing requirements needed to keep their plans compliant in an ever-changing legislative environment. With The Partners Retirement Plan, the majority of those responsibilities are outsourced to a dedicated team of professionals. Another win!

This is all part of OBI’s work to help strengthen Oregon’s economy through a healthy private sector – both employers and employees – and to create prosperity for generations to come. That’s our mission.

Learn More about OBI

As Oregon’s statewide chamber of commerce, OBI advocates tirelessly to make Oregon a welcoming, affordable place for businesses to operate and for people to live. OBI’s mission is to strengthen Oregon’s economy in order to achieve a healthy, prosperous and competitive Oregon for the benefit of present and future generations.