…sale, a new Plan Administrator would need to be appointed. Once the new Plan Administrator was officially installed, the plan was put on a course for payout and termination. Conclusion Little thought—if any—is often given to retirement plans in M&A scenarios. Something as simple as…
…fiduciaries have an obligation to ensure proper mitigation of cybersecurity risks. Key Items Responsibilities to manage cybersecurity risks Retirement account online basic rules to reduce the risk of fraud and loss Responsibilities to prudently select a service provider with strong cybersecurity practices and monitor them…
Laws change frequently and retirement plans need to be amended to comply with the most recent requirements. Attend this PENTalk™ to learn how best to approach making changes to your retirement plan.
…payments, or a minister’s parsonage allowance and utilities. Each distinctive item listed in Box 14 should be labeled. Because Form W-2 may not be a reliable source for tracking after-tax contributions, a best practice for a plan participant would be to keep his or her…
Your TPA Partner Can Help You Win Business When it comes to the administration of retirement plans, most TPAs can execute the work pretty competently. And while there are differences in quality of process and internal expertise, most of this is technical work that happens…
ERISA entrusts the care of retirement benefits and the proper operation of retirement plans to “fiduciaries” of the plans, such as the business owners who sponsor them. Fiduciaries who fail can face penalties and personal liability for plan losses. Attend this course to understand fiduciary…
How does an advisor benefit from partnering with a CEFEX-certified TPA? And why is it important? Listen in to find out more….
What does it mean for a Third Party Administrator to be CEFEX-certified?…
TPA & 3(16) Solutions Pentegra offers a comprehensive array of Third Party Administrative (TPA) Services. We take TPA services to the next level as a 3(16) Fiduciary Administrator. Our tenured and professionally credentialed expert team of ERISA attorneys, ASPPA-certified consultants and compliance specialists serves thousands…
…of scale while joining a plan that best meets their needs. Some other key components that can be found across all three retirement plan types outlined above include: Fiduciary/Fiduciary Governance: A fiduciary is responsible for maintaining a plan in the best interests of participants and…
Most CEOs and other executives just want to run their businesses. Whether they help run a factory, a consulting firm, or a school, they’d prefer to focus on what they are best at: leading, serving, and building their business. Most are not interested in becoming…
…may be insulated from liability. Save time and money PEPs can improve efficiency in plan administration. As a 3(16) fiduciary administrator, Pentegra can perform nearly all of the required duties of a plan sponsor. In addition, Pentegra works with service providers across the industry—recordkeepers, payroll…