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Updated by pentegraseo on Jul 18, 2018
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Pentegra

Pentegra is a leading provider of financial retirement planning, fiduciary outsourcing and financial planning services to clients nationwide.

Retirement Plan Consulting

Pentegra is a leading provider of financial retirement planning, fiduciary outsourcing and financial planning services to clients nationwide. At Pentegra Partner with us to get on the Smart Path to retirement, design a retirement plan or executive benefit plan to attract, reward and retain employees, or reduce risk and burdens with our fiduciary and institutional investment management solutions.

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401K

401K

The Roth 401K may offer advantages to those who are currently in a low tax bracket but expect to be in a higher tax bracket after retiring. Another benefit: the Roth 401(k)’s tax-free withdrawals can help highly paid workers manage their tax situation in retirement. For most people, the main reason to contribute to a Roth 401(k) is to let the money grow tax-free.

With a Defined Contribution plan, it’s the employees who make many of the contributions and take on the investment risk. Their retirement benefit is their accumulated balance. With a Defined Benefit plan, the employer makes the contributions and assumes the risk. Employees receive a promised benefit at retirement, typically in the form of monthly income.

Benefits Financing Solutions | BOLI

The Pentegra Benefits Financing Advantage is a benefit financing tool that uses BOLI to enhance earnings, restore existing retirement program shortfalls, and offset the costs of qualified retirement programs along with healthBOLI Insurance and welfare and group life benefits.

3 16 Fiduciary Plan

Today there is a great deal of talk about helping employers with fiduciary responsibility, yet the talk often falls short of what most employers actually desire and need someone to simply handle it for them.

We serve in all three principal roles in a retirement plan as a full scope ERISA 402(a) Named Fiduciary, a 3(16) Plan Administrator, and as Trustee, whether as a fully discretionary trustee with sole authority over plan assets or as a directed trustee under 402(a)(1).

Retirement Plan Fiduciary

Today there is a great deal of talk about helping employers with fiduciary responsibility, yet the talk often falls short of what most employers actually desire and need someone to simply handle it for them. Pentegra’s fiduciary services are designed to complement the unique value proposition and service delivery model that each advisor brings to the table. We tailor our solutions to meet your preferences.

403(b) plans are commonly used by tax-exempt organizations to provide retirement benefits for their employees. Generally, plans that are established or maintained by private tax-exempt organizations are subject to ERISA (governmental and non-electing church plans are always exempt).

Third Party Administration Services

The banking industry has seen its fair share of consolidation over the past few years. It has certainly been an unprecedented era of mergers and acquisitions, not only for banks, but also for the vendors that serve the community banking marketplace. This is particularly significant when a bank’s non-qualified benefit and bank-owned life insurance (BOLI) administrator and/or service provider changes.

Multiple Employer Plan

A Multiple Employer Plan, or “MEP”, is a retirement plan that is maintained by two or more unrelated employers that are not members of the same controlled group. Employers are characterized as “Adopting Employers” when they elect to participate in the MEP.

BOLI Insurance

Bank-owned life insurance (BOLI) can be a valuable asset for banks of all sizes, including community banks. Offered by most major insurance carriers, BOLI is a single premium insurance policy in which the bank is the beneficiary and owner. While banks often utilize BOLI as a tax shelter, given BOLI’s status as a tax-free asset, it is also utilized to help offset the ever-increasing costs of employee benefit programs.

401K Plan Design and Automatic Features

An automatic contribution arrangement (also known as automatic enrollment) is a feature in a retirement plan that allows an employer to “enroll” an eligible employee in the employer’s plan unless the employee affirmatively elects otherwise. “Enroll” in this context means that part of the employee’s wages are contributed to the retirement plan on the employee’s behalf. Most commonly, this feature is in 401K plans.

Retirement Plan Consulting

For more than 75 years, we’ve delivered a different approach to every client solution. It begins with a strategic understanding of your needs, and putting those needs first. At Pentegra, integrity is more than just implied in our name.