Page 14 - 1Q 2017 Reporter
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Pentegra Introduces Fiduciary
SmartPath to Educate Plan Sponsors
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and Advisors During the Changing
Fiduciary Landscape
Today, Pentegra, a leading provider of retirement Rausser continues, “While traditionally the
plan and fiduciary outsourcing solutions, introduced industry has provided help in the form of third party
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the Pentegra Fiduciary SmartPath , an exclusive administration (TPA) and investment advisors, too
report detailing best practices and strategies for often the actual fiduciary responsibility - and a broad
business owners, plan sponsors and advisors to use and poorly understood array of duties - are left in the
to help navigate the shifting fiduciary landscape. hands of the employer. The risk is that executives and
The report is designed to help understand fiduciary employees who are assigned responsibility for these
responsibilities and corresponding liabilities, and offers roles, often do not know what they entail or what is
recommendations and guidance for managing these expected of them, yet the legal burden falls squarely
duties. on them.”
According to Rich Rausser, Senior Vice President “Outsourcing fiduciary responsibility offers a
at Pentegra, “Today, business owners, plan sponsors solution. What most employers actually want and need
and advisors are extremely concerned with the is someone to simply handle it for them. Today and
changing regulatory landscape and overall plan in the future, plans that have these responsibilities
administrative burdens. There is a strong desire to covered will be well on track to succeed in delivering
reduce workloads, fiduciary liability and risk. They successful outcomes for everyone,” Rausser added.
want retirement plans to deliver successful outcomes As part of the launch of the Fiduciary SmartPath,
for the sponsor as well as the participant. Our new Pentegra will present a free PENTalk webinar on this
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tool, the Fiduciary SmartPath , is an invaluable topic tomorrow, March 21, 2017 at 11:00 am EST.
resource at a very important time in the industry.” Click here to register.
Pentegra Fiduciary SmartPath details each
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fiduciary role in a retirement plan and focuses on About Pentegra
helping plan sponsors and advisors clarify the many Pentegra is a leading provider of retirement plan
nuances associated with fulfilling their obligations, and fiduciary outsourcing solutions to organizations
addressing some of the most important concerns of nationwide. Founded by the Federal Home Loan Bank
plan sponsors today. The report also tackles why System in 1943, Pentegra offers a broad array of
outsourcing these responsibilities may be the trend of qualified and non-qualified retirement plan solutions,
the future. TPA services and benefits financing solutions using
Retirement plan administration and the oversight BOLI. In addition, Pentegra, through Pentegra
of plan assets involve complex processes laden with Investors, Inc., also serves the needs of institutional
compliance burdens. For many plan sponsors, the investors, offering partial or complete investment
level of self-education and the commitment of time and outsourcing capabilities. For more information, go to
energy required to effectively fulfill their fiduciary duties www.pentegra.com, or join the conversation on Twitter,
is an unwelcome concern that too often distracts from Facebook or LinkedIn.
the more critical responsibility of running a business.
11
First Quarter 2017 IllInoIs RepoRteR
