…conditions: Acknowledge fiduciary status. The automatic portability provider must acknowledge fiduciary status in writing upon being engaged by a plan fiduciary and in certain required notices and disclosures. Reasonable compensation standard. The automatic portability provider’s fees are subject to a “reasonable compensation” standard. In this…
…can be. We know because we’ve walked thousands of clients through this process as a fiduciary. And while audits are never fun, Pentegra can take the mystery—and most of the pain—out of the audit process. To learn more about Pentegra’s 3(16) fiduciary services or its…
…of scale while joining a plan that best meets their needs. Some other key components that can be found across all three retirement plan types outlined above include: Fiduciary/Fiduciary Governance: A fiduciary is responsible for maintaining a plan in the best interests of participants and…
…service providers who deal with these rules every day, the sheer amount of information can be daunting. But for employers—who simply want to run their businesses without unnecessary burdens—effectively administering their plans can be overwhelming. 3(16) Fiduciary Outsourcing—the Peace of Mind of a Professional on…
Today, 3(16) fiduciary outsourcing is becoming a part of every conversation that advisors have with their clients. Why? Because implementing 3(16) fiduciary outsourcing services is like hitting the easy button for plan sponsors. Please join us on March 16th at 3:16p.m. for Pentegra’s inaugural 3(16)…
…can face penalties and personal liability for plan losses. Attend this course to understand fiduciary responsibilities and liabilities, how to identify the different types of plan fiduciaries and implement fiduciary liability reduction strategies and tactics. *Disclaimer: This recording is not eligible for Continuing Education Credits…
…themselves by connecting clients with experienced partners who offer robust administrative fiduciary services. Pentegra’s ERISA 3(16) fiduciary services are designed to reduce the administrative burden for plan sponsors and help ensure ongoing compliance. By outsourcing daily plan management responsibilities, plan sponsors can mitigate many of…
3(16) Fiduciary Overlay Solutions An independent fiduciary solution for plan administration Pentegra’s 3(16) Fiduciary Overlay Services raise the oversight of the administration of your plan to an even higher level. You have the assurance that every administrative detail is carefully reviewed by one of America’s…
Our Approach Flexible & Scalable Solutions for Every Opportunity Pentegra offers an expansive array of qualified retirement plan and fiduciary outsourcing solutions along with comprehensive retirement plan consulting services. Our services can be added to existing plan relationships without disruption. A Collaborative Approach That Places…
…outcomes By engaging a 3(16) plan administrator, the plan sponsor shifts fiduciary responsibility to the 3(16) for the services specifically contracted (e.g., plan reporting, participant disclosures, distribution authorization, plan testing, etc.). Not all fiduciary services are created equally, so choose wisely and enjoy the benefits…
…best: running their business. What’s In It for Employers? Aside from the relief from daily administrative duties that PEPs provide, they can also benefit employers in other, sometimes related, ways. Relief from fiduciary duties Under a PEP, employers can delegate most of their fiduciary duties…