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MSDC Pooled Employer Plan

Financial Wellness for Physicians and Practices

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Envision Financial Peace of Mind For You and Your Team

What if you had a financial option that allowed you to plan for your own goals while giving your staff a new incentive to stay?

The MSDC 401k Pooled Employer Plan is a new way to give value to your office and support your financial goals. The plan is designed by financial professionals and guided by the DC physician community.

The MSDC Pooled Employer Plan is a two-part financial wellness offering.

The first part is a 401k plan for your practice. Practices and medical offices participate in a retirement plan that reduces cost and increases options as if you were in a large employer plan.

The second part is financial literacy and training offered to your staff. Physicians have access to quarterly finance topic trainings and the ability to speak with a retirement and planning expert.

The MSDC PEP is sponsored by the Medical Society of DC and overseen by Asset Strategy Consultants, MSDC's investment advisors for over twenty years.

Learn more about the PEP by seeing the below guide or emailing

PEP Explanation Document

PEP Proposal 2023




What is a pooled employer plan?

A Pooled Employer Plan (PEP) is a retirement savings plan that allows small businesses to band together to offer a retirement plan to their employees. The idea behind a PEP is that by pooling their resources, small businesses can offer a retirement plan that is less expensive and easier to administer than a traditional 401(k) plan. A PEP is administered by a third-party provider, who handles all the administrative tasks and investments for the plan. This allows small businesses to focus on their core business activities while still offering a valuable benefit to their employees. Additionally, employees can take their retirement savings with them if they leave their job, which makes a PEP a portable option for retirement savings.

Why should I offer my office a retirement plan?

Offering a 401k plan to employees can be an important way for practices to attract and retain top talent, while also providing a valuable benefit that can help employees save for retirement. Here are some reasons why it's important for practices to offer a 401k plan to employees:

  1. Attract and retain employees: A 401k plan is a valuable benefit that can help you attract and retain top talent. In a competitive job market, offering a 401k plan can set you apart and make it more attractive when candidates are thinking about joining a health system instead.
  2. Tax benefits: A 401k plan can offer tax benefits for both the employer and employee. Employers can deduct contributions to the plan as a business expense, while employees can contribute pre-tax dollars to their retirement savings, reducing their taxable income.
  3. Employee savings: A 401k plan provides a way for employees to save for retirement, which can help them achieve financial security in their later years. By offering a 401k plan, you can help their employees save for the future and avoid financial hardship in retirement.
Why is financial planning especially important for physicians?

There are several reasons why a physician may benefit from working with a financial planner:

  1. Managing complex finances: Physicians often have complex financial situations, including significant student loan debt, high earning potential, and unique retirement planning needs.
  2. Managing taxes: Physicians often have high tax burdens due to their high incomes. A financial planner can help physicians manage their taxes by developing tax-efficient investment strategies and identifying deductions and credits they may be eligible for.
  3. Protecting assets: Physicians may be at higher risk of malpractice lawsuits and other legal claims that could put their assets at risk. A financial planner can help physicians develop strategies to protect their assets and manage risk.
  4. Balancing work and life goals: Physicians often have demanding work schedules that can make it challenging to balance work and life goals. A financial planner can help physicians develop a financial plan that takes into account their work schedule and helps them achieve both their personal and professional goals.

Overall, working with a financial planner can help physicians manage their complex finances, maximize their retirement savings, manage taxes, protect their assets, and achieve a balance between their work and life goals.

Asset Strategy