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Press Release

Pentegra, a Leading Provider of Retirement Plan and Fiduciary Outsourcing Solutions, Celebrates Its 80th Anniversary

Issued by Pentegra

Jan. 17, 2023

White Plains, NY -- This year marks the 80th anniversary of Pentegra, an organization created as a not-for-profit, tax- exempt defined benefit pension trust on December 1, 1943 by the then eight Federal Home Loan Banks (FHLBs). The Trust was established to manage and oversee a defined benefit pension plan for employees of the FHLB system.

Pentegra has always been a fiduciary first, founded with a mission to make offering a retirement plan easier for employers. Today, with nearly $13 billion in assets under administration and eight decades of independent fiduciary oversight and expertise, Pentegra is a leading provider of qualified retirement plan and fiduciary outsourcing solutions for businesses nationwide.

Said John Pinto, Pentegra President and CEO, “I am so proud of what we have accomplished. An 80th anniversary is a significant milestone that few companies achieve. Pentegra is one of America’s oldest, most experienced independent institutional fiduciaries. We were founded 80 years ago to serve as a Named Plan Fiduciary—long before the role formally existed under ERISA [the Employee Retirement Income Security Act of 1974]. Our clients enjoy the confidence that comes from uncompromised and objective oversight. Our legacy of excellence enables us to create retirement plans with less risk, greater efficiencies and improved outcomes—and the peace of mind that having a professional on board delivers.”

This year also marks 31 years at Pentegra for Mr. Pinto, who joined the organization in 1993. He continued, “It is particularly gratifying to be celebrating this anniversary as the future of our business looks so bright. Demand for our products and services continues to grow, and Pentegra is building new, dynamic fiduciary partnerships across the nation.”

Pentegra will be celebrating its anniversary throughout 2023 with a number of events, including Pentegra’s annual 3(16) Day on March 16th. For a full timeline of the organization’s evolution over the past 80 years, click here.

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 an 80- year legacy of fiduciary expertise and oversight unmatched in the industry today, we partner with firms at the advisor, sponsor and enterprise level to bring maximum flexibility to every opportunity, offering a comprehensive array of retirement plan solutions, plan consulting, TPA services and fiduciary support. Learn more at pentegra.com.

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Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.