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Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Press Release Pentegra and EPIC Retirement Plan Services Launch New 3(16) Fiduciary Solution |
Issued by Pentegra Apr. 19, 2021 |
White Plains, NY -- Today Pentegra, a leading provider of retirement plan and fiduciary outsourcing solutions to organizations nationwide, announced its enterprise relationship with EPIC Retirement Plan Services “EPIC RPS” to offer ERISA 3(16) fiduciary solutions in conjunction with EPIC RPS’ recordkeeping platform. The 3(16) fiduciary outsourcing solution will provide EPIC RPS clients with the ability to outsource key retirement plan administrative responsibilities. Said Pentegra President and CEO John Pinto, “Today, the demand for 3(16) services is reshaping the marketplace. As an institutional fiduciary for nearly 80 years, Pentegra is well-positioned to deliver these services at the platform level. Partnering with EPIC RPS is a tremendous opportunity to expand our fiduciary footprint as plan sponsors continue to embrace the concept of outsourcing fiduciary responsibilities and the advantages this approach offers.” Said Brian Lenz Sr., Director of National Sales of EPIC RPS, “3(16) fiduciary services are becoming increasingly important to retirement plan sponsors, particularly in today’s environment. By combining our high touch service model and state-of-the-art user experience with Pentegra’s 3(16) fiduciary services, we can offer our clients an even more comprehensive solution. As an institutional fiduciary, Pentegra supports our goal to help our clients reduce workloads, minimize risk, and ultimately, help Americans retire. We are excited about the opportunities that this partnership offers our organization and our clients.” Retirement plan administration is complex. It is subject to legal challenges. Outsourcing fiduciary responsibility by engaging an independent fiduciary helps plan sponsors design a more effective plan that is compliant and easy to administer. Pentegra’s 3(16) fiduciary services provide plan sponsors with the security that comes from having an experienced professional on board. About Pentegra Pentegra is a leading provider of retirement plan and fiduciary outsourcing solutions to organizations nationwide. As one of America’s oldest independent fiduciaries, we deliver retirement plans that run with less risk, greater efficiencies and improved outcomes. With a 75+ year legacy of fiduciary expertise and oversight unmatched in the industry today, we partner with firms at the advisor, sponsor or enterprise level to bring maximum flexibility to every opportunity, offering a comprehensive array of qualified and non-qualified retirement plans, TPA services and fiduciary support. Learn more at www.pentegra.com. About EPIC Retirement Services EPIC was founded in 1993 to provide comprehensive retirement plan services and solutions, customized to meet the unique needs of financial intermediary partners and plan sponsors. Today, the EPIC RPS family serves as recordkeeper for over 300,000 participants in 5,600 retirement plans with $25 billion in assets in all 50 states. Learn more at https://www.epicrps.com. |
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