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Pentegra Introduces Fiduciary SmartPath


WHITE PLAINS, NY, March 20, 2017 -- Today, Pentegra, a leading provider of retirement plan and fiduciary outsourcing solutions, introduced the Pentegra Fiduciary SmartPath™, an exclusive report detailing best practices and strategies for business owners, plan sponsors and advisors to use to help navigate the shifting fiduciary landscape. The report is designed to help understand fiduciary responsibilities and corresponding liabilities, and offers recommendations and guidance for managing these duties.

According to Rich Rausser, Senior Vice President at Pentegra, "Today, business owners, plan sponsors and advisors are extremely concerned with the changing regulatory landscape and overall plan administrative burdens. There is a strong desire to reduce workloads, fiduciary liability and risk. They want retirement plans to deliver successful outcomes for the sponsor as well as the participant. Our new tool, the Fiduciary SmartPath™, is an invaluable resource at a very important time in the industry."

Pentegra Fiduciary SmartPath™ details each fiduciary role in a retirement plan and focuses on helping plan sponsors and advisors clarify the many nuances associated with fulfilling their obligations, addressing some of the most important concerns of plan sponsors today. The report also tackles why outsourcing these responsibilities may be the trend of the future.

Retirement plan administration and the oversight of plan assets involve complex processes laden with compliance burdens. For many plan sponsors, the level of self-education and the commitment of time and energy required to effectively fulfill their fiduciary duties is an unwelcome concern that too often distracts from the more critical responsibility of running a business.

Rausser continues, "While traditionally the industry has provided help in the form of third party administration and investment advisors, too often the actual fiduciary responsibility -- and a broad and poorly understood array of duties -- are left in the hands of the employer. The risk is that executives and employees who are assigned responsibility for these roles, often do not know what they entail or what is expected of them, yet the legal burden falls squarely on them."

"Outsourcing fiduciary responsibility offers a solution. What most employers actually want and need is someone to simply handle it for them. Today and in the future, plans that have these responsibilities covered will be well on track to succeed in delivering successful outcomes for everyone," Rausser added.

As part of the launch of the Fiduciary SmartPath, Pentegra will present a free PENTalk webinar on this topic tomorrow, March 21, 2017 at 11:00 am EST.

About Pentegra

Pentegra is a leading provider of retirement plan and fiduciary outsourcing solutions to organizations nationwide. Founded by the Federal Home Loan Bank System in 1943, Pentegra offers a broad array of qualified and non-qualified retirement plan solutions, TPA services and benefits financing solutions using BOLI. In addition, Pentegra, through Pentegra Investors, Inc., also serves the needs of institutional investors, offering partial or complete investment outsourcing capabilities. For more information, go to www.pentegra.com, or join the conversation on Twitter, Facebook or LinkedIn


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