The Pentegra defined contribution plan advantage

Our full service approach offers everything you'll need to provide a successful retirement program, whether it's a 401(k), a KSOP or an ESOP, and includes every aspect of defined contribution plan administration all from a single provider.

PLAN DESIGN & DOCUMENT SUPPORT

• Prototype plan documents
• Custom designed plan documents
• Summary Plan Descriptions (SPDs)
• Plan Qualification Package (IRS Form 5300)
• Plan amendment and restatement services
• Plan design consulting
• Ongoing plan review to ensure compliance with IRS ERISA, and DOL regulations 

ACCOUNT MANAGEMENT SERVICES

• Dedicated relationship manager
• Dedicated client service team
• Participant service representatives
• Annual plan review and client visitation program 

ADMINISTRATIVE SERVICES

• Daily recordkeeping services, including valuation of plan participant accounts and daily processing of contributions, transfers, distributions and loans
• Flexible reporting and electronic data submission
• Pentegra OnLine 24/7 plan sponsor and participant account access, transaction and reporting capabilities
• Quarterly Statements mailed to participant’s home
• Annual combined db/dc statements—unique in the retirement plan industry
• Qualified Domestic Relations Orders (QDRO’s
• Required minimum distribution notifications
• Forfeiture allocations
• Annual Plan Audit
• Annual SAS 70 Audit
• Annual plan review
• Stringent quality control standards
• Written and guaranteed service standards

PLAN COMPLIANCE

• Ongoing legislative and regulatory updates
• ACP/ADP testing
• Top-heavy testing
• 415 limit testing
• 402(g) limit testing
• 410(b) testing
• Preparation of Government filings
  • IRS Form 5500 and 5300
  • Summary Annual Report  (SAR)

TRUSTEE SERVICES

• Custody and investment of plan assets
• Accurate and timely reporting of contributions, sales and purchases, withdrawals and dividend and interest income
• Participant-distribution checks and periodic benefit payments, including lump sum distributions
• Preparation of principal and income statements
• Certified plan financial information for plan auditors
• State income tax withholding services for mandatory states
• Tax reporting (IRS Form 1099R)

INVESTMENT MANAGEMENT

• Collective trust institutionally-managed index platform from State Street Global Advisors
• Broadly diversified options
• Low-cost investment platform
• Company stock and Bank CD funds
• Self directed brokerage account

PLAN EDUCATION AND COMMUNICATION

• Pentegra OnLine 24/7 plan sponsor and participant account access and transaction capabilities
• Onsite education meetings generate 90%-100% participation rates
• Customized enrollment kits
• Participant education materials
• Financial Planning Tools
• Technical newsletters and plan sponsor updates