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Retirement Plan Services | Market Profile | Program Benefits | Program Contacts |
Pentegra offers a wide variety of retirement programs for community banks including 401(k) plans, ESOPs, KSOPs, defined benefit plans, profit sharing plans, and a full-service private label 401(k) program banks can offer their commercial customers. Pentegra's full service approach to retirement plan management includes custom plan design, administration and recordkeeping, investment management, plan consulting, legal support, plan compliance, a primary fiduciary role and participant education and communications, and the added advantage of 65+ years of community bank retirement plan "best practices." As a bank retirement specialist, Pentegra is focused on delivering retirement products that fit your needs. Pentegra also offers the opportunity to add employer stock and/or bank certificates of deposit as retirement plan investment options. Whatever your bank's objectives, whether it is enabling participants to purchase stock through a 401(k) plan, making matching contributions in the form of company stock, or establishing an ESOP, Pentegra has the expertise to help you design a retirement program that accomplishes these goals, including controlling the number of shareholders. What's more, employer stock is administered in a daily valuation trading environment—whether it is traded on a major exchange or thinly traded. In addition, through its Private Label 401(k) program, Pentegra partners with select financial institutions to offer a full-service, fully branded 401(k) program for commercial customers. Pentegra's Private Label retirement product delivers an optimal combination of quality and value by providing a broad array of flexible services, the ability to support a wide range of plan types, a comprehensive investment platform, and complete control over branding and distribution—with the added benefit of fee income from non-traditional revenue sources. For over 65 years, Pentegra Retirement Services has been an industry leader in providing full service retirement plan solutions to community banks nationwide. Founded by the Federal Home Loan Bank System in 1943 as an independent, not-for-profit cooperative to manage a pension program for Federal Home Loan Bank employees, today Pentegra is the retirement plan provider of choice for community banks nationwide. With Pentegra, you're not placing your retirement plan assets with your direct competitors—you're placing them with a provider whose sole focus is to offer retirement plans to community banks. With a user Board of Directors comprised of community bank peers, Pentegra provides an important additional level of executive oversight. Today, Pentegra manages nearly 1,000 bank retirement plans and more than $5.2 billion in retirement plan assets for community banks of all sizes nationwide. Pentegra is focused on bringing capabilities to community banks that are usually available only to large corporate and public retirement plans.
Pentegra Retirement Services CAB CONTACTS Robin Gordon (202) 663-5128 |
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