Pentegra Introduces 3(16) Administrator SmartPath to Help Employers and Advisors Navigate Retirement Plan Administrative Responsibilities
Today, Pentegra, a leading provider of retirement plan and fiduciary outsourcing solutions, introduced the Pentegra 3(16) Administrator SmartPathTM, an exclusive report detailing best practices and strategies for retirement plan sponsors and advisors to use in navigating retirement plan administrative responsibilities.
The report is designed to provide a better understanding of retirement plan 3(16) administrative responsibilities and corresponding risks, along with recommendations and guidance for managing these duties.
As detailed in the report, contrary to common belief, most retirement plan errors that occur have little or nothing to do with the investments or the investment manager, but instead, involve plan administration issues. By hiring a competent ERISA 3(16) fiduciary, plan sponsors are insulating themselves against these errors to a greater level than a typical TPA arrangement provides. By outsourcing these responsibilities, employers can offload at least fifty operational duties that come with plan administration--saving significant time, work and money.
Rausser adds, "Pentegra's 3(16) Fiduciary Administrator services shift these burdens from the plan sponsor to Pentegra. Our 3(16) Fiduciary Administrator services allow the retirement plan sponsor to reduce their administrative burdens by not only handing off these tasks to us, but also handing off the responsibility for ensuring that they are handled well. At Pentegra, we are an institutional fiduciary, and unique in that we actually sign the plan document and 5500, not only performing these duties but accepting responsibility for them. It is what we refer to as the SmartPath™ to retirement plan administration."
To view the Pentegra 3(16) Administrator SmartPathTM, click here.
As part of the launch of the 3(16) Administrator SmartPathTM, Pentegra will present a free PENTalkTM webinar on this topic on
Pentegra is a leading provider of retirement planning and fiduciary outsourcing solutions to organizations nationwide. Founded by the
Read the full story at http://www.prweb.com/releases/2018/04/prweb15383194.htm
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