This helps relieve administrative and compliance burdens and potentially reduces fees, making it easier for small- to mid-sized companies to offer a 401(k) plan so their employees can save for retirement. The PEP from Morningstar Investment Management and PAi will feature funds that meet Morningstar Investment Management's rigorous investment selection criteria and pursue investment strategies designed to limit ESG risk. Morningstar Investment Management's investment team uses both the Morningstar Sustainability Rating and interviews with fund managers to ascertain the ESG risk of investments under consideration.