…another fiduciary A PEP should prompt an employer to revisit its governance structure—not automatically replicate the governance structure it had before. The Right Question for Employers Considering a PEP One of the advantages of a PEP is that it can reduce the administrative and fiduciary…
…banks now partner with an external fiduciary to manage plan governance and administration more effectively. Why Outsourcing 3(16) Fiduciary Duties Is a Strategic Move Outsourcing administrative fiduciary responsibilities under ERISA Section 3(16) represents a fundamental shift in accountability. A true 3(16) fiduciary provides the following…
…successful advisory relationships increasingly rely on coordination and role clarity among advisors, recordkeepers, plan sponsors, and other fiduciary service providers. 3(16) fiduciary outsourcing is one service advisors may want to evaluate as they look to balance fiduciary oversight, administrative demands, and growing client expectations—without assuming…
…Outsourcing show that administrative fiduciary outsourcing is no longer viewed as an optional enhancement. It is increasingly recognized as a core governance strategy. According to our study, more than 80% of advisors view 3(16) fiduciary outsourcing as a retirement plan best practice. Yet fewer than…
…and lower-risk environment to operate in. With a 3(16) fiduciary in place, everyone can stay focused on their core responsibilities without accidentally stepping into fiduciary territory. The Reluctance Around Fiduciary Responsibility Many third-party service providers go out of their way to avoid fiduciary responsibility— understandably…
…increasingly look to their advisors for help navigating fiduciary responsibilities, improving governance practices, and identifying potential risks before they become costly problems. Understanding common compliance gaps and knowing when additional fiduciary support may be beneficial can help advisors become a more strategic resource for their…
…administrative disruption for both employers and participants. Strengthening Governance and Fiduciary Oversight As retirement plan litigation continues to rise and regulatory expectations evolve, fiduciary governance has become an increasingly important consideration for employers. For private equity firms, retirement plan oversight is not often a core…
…the overall health of the retirement plan. Pentegra’s Fiduciary Lens At Pentegra, we believe the best Form 5500 filing process begins long before filing season. Our fiduciary-driven approach combines administrative expertise, data oversight, governance support, and 3(16) fiduciary services to help sponsors reduce complexity and…
…more consultative, governance-focused position. But there’s a practical challenge. Most advisors don’t have the time—or desire—to take on deeper administrative oversight and fiduciary liability. Why Fiduciary Risk Is Now the Conversation Administrative errors, missed deadlines, and compliance gaps are no longer just operational issues—they’re fiduciary…
…the importance of working with experienced fiduciary partners becomes even more pronounced. Advisors should evaluate MEP providers based on governance discipline, operational expertise, and fiduciary depth—not just pricing. With decades of fiduciary experience and deep institutional knowledge across both MEPs and PEPs, Pentegra provides advisors…
…fiduciary expertise and solutions spanning 3(16) administrative fiduciary outsourcing, TPA, consulting, PEP, MEP and specialized plan design, Pentegra helps advisors bring additional expertise to complex retirement plan situations. As a fiduciary partner, Pentegra works alongside advisors to take on defined fiduciary and administrative responsibilities. Our…
…plan client is helping them reduce their fiduciary liability and administrative burden—and this is where an ERISA 3(16) fiduciary partner becomes invaluable. Why a 3(16) fiduciary matters: Most plan sponsors don’t realize the extent of their fiduciary responsibilities, especially around plan administration. A 3(16) fiduciary…