The Pentegra TPA Advantage Grow Your Retirement Practice with Enhanced TPA Services Today many Third Party Administrators “TPAs” provide a standard package of retirement plan services. These include plan document services, compliance testing and Form 5500 Preparation. But what if your TPA worked with you to actually help you better serve your clients with additional value-added services and capabilities that could help mitigate fiduciary risk, provide plan design consulting services and actually help you grow your practice? The Pentegra TPA Advantage is a premiere level of TPA services designed to help you enhance your practice with value added retirement plan services and the business development support to make it all come together for you.
Flexibility Based on What Works Best for Your Business Model You choose the way you want to work with us. Our open arrangement can include an existing recordkeeper, trustee or investment manager. You may also use a third-party recordkeeper platform through one of the major insurance or fund companies—based on what works best for your business model.
A Highly Credentialed Staff Our in-house ERISA attorneys, consultants and compliance specialists are knowledgeable, experienced and trained to handle the varying complex issues surrounding retirement plans. Our professionally credentialed team delivers a superior level of technical expertise and application and highly responsive service and support for you and your clients. In fact, the majority of our team members have earned the American Society of Pension Professionals & Actuaries (ASPPA) designation of Qualified Pension Administrator (QPA), Qualified 401(k) Administrator (QKA) and/or CPC (Certified Plan Consultant).
Strategic, Consultative Approach to Plan Design Pentegra offers a highly consultative and strategic approach to retirement plan design. Working with you, we’ll develop an understanding of your client’s benefits philosophy and objectives that the sponsor wishes to achieve with a retirement program. We will present a thorough review of the existing program and provide peer analysis and competitive considerations. We go beyond the scope of traditional TPA services to include plan design strategies designed to create tax efficiencies for business owners, retirement readiness for plan participants, as well as those that enable Highly Compensated Employees (HCEs) to defer more income.
A Comprehensive Array of Retirement Plan Solutions Defined Contribution
Defined Benefit
401(k) Traditional Pension plans Profit Sharing plans Cash Balance plans KSOPs DB/DC Combination plans ESOPs 403(b) plans 457(b) plans
Specialty Plans 412(e)(3) Fully Insured Split Funded Defined Benefit plans Age-Weighted plans New Comparability plans Section 79 plans Plans with publically and non-publically traded employer stock
Full Trust Accounting, Contribution Accruals, and Census Data Verification Our processes and procedures are designed for administrative ease and include stringent data verification to achieve the highest level of accuracy. This includes not just the traditional data points, but also goes beyond that to include verifying that each participant account is correct by dollar amount and source, confirmation of employees that should be included in testing along with verification of HCE and key employee status. Our data collection and submission process has been developed with the client in mind, to make retirement plan administration a seamless process.
CEFEX Certified Pentegra’s TPA operations are CEFEX certified by the Centre for Fiduciary Excellence. CEFEX is the only certification process that validates a TPA firm is utilizing best practices in regard to processes and capabilities in conducting plan administration and operational compliance services. This certification provides assurance that we have demonstrated adherence to the best practices in the industry, and provides an independent assessment of a firm’s accountability to its clients. Pentegra is part of an elite group of firms in the U.S. that has successfully completed the independent certification process for TPA service providers.
SOC 1 and 2 Audits Pentegra undegoes both SOC 1 and 2 Audits on an annual basis. The SOC 1 audit is a voluntary audit that Pentegra performs each year to ensure that Pentegra maintains an appropriate internal control environment over its financial reporting controls. In addition to this audit, Pentegra also completes a SOC 2 audit each year, which more specifically deals with information security and confidentiality controls.
A Comprehensive Array of TPA Services
Plan design consulting Plan document services & support Plan compliance services & support Fiduciary services and support Legal services & support Plan administration services Trust accounting services Annual plan calculations Learn more about the Pentegra TPA Advantage. Contact us at 855-549-6689 or solutions@pentegra.com or visit us at www.pentegra.com. Follow our conversation
Š 2017 Pentegra Retirement Services
Pentegra 2 Enterprise Drive, Suite 408 Shelton, CT 06484 800.872.3473 www.pentegra.com