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Pentegra Introduces Executive Benefit
SmartPath™ to Educate Banks
on Plan Design and Implementation
of Best Practices
“A comprehensive benefits makers on the best possible strategies.”
package may tip the scales employees without impacting costs on an employee-
Executive benefit plans reward a select group of
for a candidate who is wide basis. These plans are often used to address the
considering multiple retirement income shortfalls resulting from qualified
benefit plan limitations, while incorporating rewards
offers.” based on targeted performance or other benchmarks.
Rausser explains, “A bank’s total rewards package
Pentegra Senior Vice President, — and particularly retirement benefits — is also a
Rich Rausser key competitive resource for employee retention. In
fact, employees cite that a retirement plan is one of
Pentegra, a leading provider of retirement plan
the most important benefits that a bank can provide.
solutions, introduced the Pentegra Executive
Our new tool, the Pentegra Executive Benefit
Benefit SmartPath™, an exclusive report detailing
SmartPath™, is a timely and valuable resource for
best practices and strategies for designing executive
banks looking to make a competitive mark in the
benefit plans for key decision makers at banks.
industry.”
Investing in a comprehensive benefits package
that includes an executive benefit plan can help
mitigate the cost, time and effort involved in About Pentegra
employee turnover and recruitment. Because Pentegra is a leading provider of retirement plan
they offer broad flexibility in developing benefit and fiduciary outsourcing solutions to organizations
compensation strategies, executive benefit plans nationwide. Founded by the Federal Home Loan Bank
play an increasing role in a competitive benefits System in 1943, Pentegra offers a broad array of
program, as they can expand the scope of a qualified and non-qualified retirement plan solutions,
package beyond a traditional retirement plan. TPA services and benefits financing solutions using
According to Rich Rausser, Senior Vice BOLI. In addition, Pentegra, through Pentegra
President at Pentegra, “Attracting and retaining Investors, Inc., also serves the needs of institutional
talented employees is one of the biggest challenges investors, offering partial or complete investment
facing banks today. Benefits can be a game changer. outsourcing capabilities. View our new website
For employers competing for job candidates, a and learn more at www.pentegra.com, or join the
comprehensive benefits package may tip the scales conversation on Twitter, Facebook or LinkedIn.
for a candidate who is considering multiple offers.
We designed this report to help educate decision
11
Second Quarter 2017 IllInoIs RepoRteR
