Pentegra Retirement Services

February 14, 2008 Important Information about Lumpsum Payments How Will The Pension Protection Act Affect Lump Sum Distributions from the Pentegra Defined Benefit Pension Plan? The Pension Protection Act of 2006 (PPA) changes the way that pension plan lump sum benefits are paid from all defined benefit pension plans, including the Pentegra Defined Benefit Pension Plan. The change in methodology is effective for all lump sum benefit payments made on or after July 1, 2008. more >
January 10, 2008 Update on Recent State Street News Developments In our prior comments regarding State Street Global Advisors (“SSgA”), we indicated that we would keep you apprised of any new developments. more >
September 17, 2007 Sub-Prime Concerns Recently there has been a great deal of concern caused by headlines about problems with sub-prime residential mortgages. The purpose of this piece is to respond to this concern as it relates to Pentegra’s investment funds. more >
August 20, 2007 Pentegra Retirement Services to Offer State Street Target Retirement Strategies Adding to its family of State Street Global Advisors (SSgA) index funds, Pentegra Retirement Services is to begin offering State Street’s Target Retirement Strategies to its defined contribution plan participants. Unlike most target-date strategies, SSgA’s index-based strategies carry lower charges than many other target-date strategies. more >
July 2, 2007 Robert C. Albanese Named CEO of Pentegra Retirement Services Robert C. Albanese has been appointed Chief Executive Officer of Pentegra Retirement Services, which manages over $4 billion in retirement plan assets for financial institutions and small to medium size businesses, effective July 16, 2007. Mr. Albanese is well acquainted with Pentegra, having served on its Board of Directors for ten years, most recently as Vice Chairman. more >
March 14, 2007 More Transparency Required in 401(k) Fee Disclosure (401kWire.com) — In recent weeks, there has been a great deal of legal and regulatory activity around the issue of whether fees charged by plan providers to 401(k) plan sponsors and participants are too high and too confusing. Congress has just held hearings on 401(k) fees and is planning legislation. The Department of Labor is drafting new regulations around plan fee disclosure. Since September 2006, more than a dozen lawsuits have been filed alleging that 401(k) plans are overcharging participants. more >
October 20, 2006 First Banks, Inc. and Pentegra Retirement Services Partner to Grow Retirement Services Capabilities Expanding retirement services for business customers is a priority for First Banks, Inc. a $9.6 billion asset bank holding company headquartered in St. Louis, MO. In a joint announcement today, First Banks has selected Pentegra Retirement Services as its partner in building its defined contribution and other retirement services businesses. more >
October 9, 2006 State Department Federal Credit Union Selects Pentegra Retirement Services as its Retirement Plan Pr The State Department Federal Credit Union (SDFCU) recently appointed Pentegra Retirement Services as the provider for its defined benefit (DB) and defined contribution (DC) plans. With more than 200 participants and over $15 million in assets, the SDFCU retirement plans had been managed previously by two separate providers. more >
August 21, 2006 Pension Reform Becomes Law On August 17, 2006 the Pension Protection Act of 2006 was signed into law by President Bush. The Act provides for significant changes to pension plan funding and administration. more >
July 10, 2006 NAFCU Services Corporation Selects Pentegra Retirement Services for Qualified Retirement Plans Arlington, VA – June 29, 2006 –NAFCU Services Corporation, a subsidiary of the National Association of Federal Credit Unions (NAFCU), announced today it selected Pentegra Retirement Services as its Preferred Partner for qualified retirement plans such as 401(k) plans and other defined benefit plans. more >

February 14, 2008

Important Information about Lumpsum Payments

How Will The Pension Protection Act Affect Lump Sum Distributions from the Pentegra Defined Benefit Pension Plan?

The Pension Protection Act of 2006 (PPA) changes the way that pension plan lump sum benefits are paid from all defined benefit pension plans, including the Pentegra Defined Benefit Pension Plan. The change in methodology is effective for all lump sum benefit payments made on or after July 1, 2008.
more >

January 10, 2008

Update on Recent State Street News Developments

In our prior comments regarding State Street Global Advisors (“SSgA”), we indicated that we would keep you apprised of any new developments. more >

September 17, 2007

Sub-Prime Concerns

Recently there has been a great deal of concern caused by headlines about problems with sub-prime residential mortgages. The purpose of this piece is to respond to this concern as it relates to Pentegra’s investment funds. more >

August 20, 2007

Pentegra Retirement Services to Offer State Street Target Retirement Strategies

Adding to its family of State Street Global Advisors (SSgA) index funds, Pentegra Retirement Services is to begin offering State Street’s Target Retirement Strategies to its defined contribution plan participants. Unlike most target-date strategies, SSgA’s index-based strategies carry lower charges than many other target-date strategies.
more >

July 2, 2007

Robert C. Albanese Named CEO of Pentegra Retirement Services

Robert C. Albanese has been appointed Chief Executive Officer of Pentegra Retirement Services, which manages over $4 billion in retirement plan assets for financial institutions and small to medium size businesses, effective
July 16, 2007. Mr. Albanese is well acquainted with Pentegra, having served on its Board of Directors for ten years, most recently as Vice Chairman. more >

March 14, 2007

More Transparency Required in 401(k) Fee Disclosure

(401kWire.com) — In recent weeks, there has been a great deal of legal and regulatory activity around the issue of whether fees charged by plan providers to 401(k) plan sponsors and participants are too high and too confusing. Congress has just held hearings on 401(k) fees and is planning legislation. The Department of Labor is drafting new regulations around plan fee disclosure. Since September 2006, more than a dozen lawsuits have been filed alleging that 401(k) plans are overcharging participants. more >

October 20, 2006

First Banks, Inc. and Pentegra Retirement Services Partner to Grow Retirement Services Capabilities

Expanding retirement services for business customers is a priority for First Banks, Inc. a $9.6 billion asset bank holding company headquartered in St. Louis, MO. In a joint announcement today, First Banks has selected Pentegra Retirement Services as its partner in building its defined contribution and other retirement services businesses. more >

October 9, 2006

State Department Federal Credit Union Selects Pentegra Retirement Services as its Retirement Plan Pr

The State Department Federal Credit Union (SDFCU) recently appointed Pentegra Retirement Services as the provider for its defined benefit (DB) and defined contribution (DC) plans. With more than 200 participants and over $15 million in assets, the SDFCU retirement plans had been managed previously by two separate providers. more >

August 21, 2006

Pension Reform Becomes Law

On August 17, 2006 the Pension Protection Act of 2006 was signed into law by President Bush. The Act provides for significant changes to pension plan funding and administration. more >

July 10, 2006

NAFCU Services Corporation Selects Pentegra Retirement Services for Qualified Retirement Plans

Arlington, VA – June 29, 2006 –NAFCU Services Corporation, a subsidiary of the National Association of Federal Credit Unions (NAFCU), announced today it selected Pentegra Retirement Services as its Preferred Partner for qualified retirement plans such as 401(k) plans and other defined benefit plans.

more >