The Pentegra Defined Contribution Plan for financial institutions

The Pentegra Defined Contribution Plan for Financial Institutions is a fully bundled multiple employer 401(k) and Profit Sharing program available exclusively to financial institutions. Our comprehensive approach provides every aspects of 401(k) administration—daily valuation recordkeeping, trustee services, investment management, plan compliance, online account access and employee communications—all from a single provider.

What makes this program unique? As the ERISA-named plan administrator and principal fiduciary for the plan, we relieve our clients of the host of fiduciary responsibilities associated with running a retirement program, delivering a retirement plan that protects both yours and your employees’ financial interests. Our unique fiduciary role means that your retirement program is administered according to the highest standards and ensures that your plan remains in full compliance with changing regulations.

As a member of the Pentegra Defined Contribution Plan for Financial Institutions, you’ll also benefit from the economies of scale our program provides. With over $3 billion in assets under management, we’re able to leverage the buying power of hundreds of organizations to offer our clients numerous cost advantages. The cost of plan audits, 5500 filings and plan amendments are spread across hundreds of participating clients—resulting in significantly lower plan costs. Our size also affords access to collective trust funds from State Street Global Advisors, the largest institutional money manager in the world. This type of quality, low-cost investment is normally available only to the largest corporations and foundations.

Our client list of more than 500 financial institutions includes the Independent Community Bankers of America (ICBA), the Federal Home Loan Bank System and America’s Community Bankers (ACB).