…every administrative responsibility. That can be particularly valuable when working with clients whose plans have become more complex, whose internal resources are limited, or who need additional expertise around administration and compliance. The result is a more collaborative model. Each party brings its own expertise…
…help narrow the retirement coverage gap—a longstanding challenge in the U.S. workforce. Key Trends Accelerating PEP Adoption Since their introduction, several trends have helped accelerate interest and adoption of PEPs across the marketplace: Regulatory Clarity and Support The Department of Labor (DOL) and Internal Revenue…
As the retirement space continues to expand, what new technologies, solutions and opportunities will help improve plan outcomes? Attend our upcoming PENTalkTM where we will discuss what’s on the horizon for the retirement industry in 2025….
For financial advisors working in today’s retirement plan marketplace, fiduciary responsibility is no longer a static concept—it’s an operational reality that continues to evolve. Regulatory scrutiny, growing administrative complexity, and heightened plan sponsor expectations are placing increasing pressure on advisory practices to do more, manage…
…repair. Sometimes hiring an expert saves time, money, and worry. This same maxim applies to retirement plans. Although some plan sponsors—especially larger employers—may have some in-house expertise, most of them may benefit from hiring experts to administer at least certain aspects of their retirement plan….
…built around complementary expertise. The advisor brings the relationship, strategic perspective and deep understanding of the client’s needs. The fiduciary partner brings the infrastructure, oversight and specialized expertise needed to efficiently manage the responsibilities behind the scenes. When those roles work together effectively, the result…
…a crowded marketplace, 3(16) fiduciary strategy provides a clear and credible way to stand apart—without competing on price. Improved Efficiency By offloading administrative oversight, advisors can focus on higher-value activities like strategy, participant outcomes, and business development. Greater Client Confidence Sponsors gain peace of mind…
…that was designed to make it easier and less expensive for smaller businesses to participate in a plan along with other unrelated employers. Since that time, we have found that PEPs appeal to a broader range of employers than Congress originally contemplated. Other trends have…
…Pentegra, we frequently identify compliance issues early in our client onboarding process—and what we see tends to mirror broader industry trends. For retirement plan advisors, understanding these recurring pain points and the various correction programs used to resolve them is an essential value-add for your…
…plan business by using industry best practices and integrating 3(16) fiduciary services into your strategy. Align Plan Design with Business Goals and Workforce Needs Your first step with any client should be clarifying their business objectives and workforce demographics. Is the plan meant to attract…
…presence and more competitive retirement plan markets have tended to adopt PEPs more quickly. Education and distribution are key differentiators. Where advisors are actively introducing the model, explaining its benefits, and guiding sponsors through the transition, adoption has often followed. Industry trends also tell a…