Products April 2, 2019

Pentegra Offers Guide for Millennials to Get on Path to Financial Wellness

The report discusses the power of compounding, finding extra dollars to save, saving for college and retirement and managing debt, and provides asset allocation guidance.

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Pentegra, a provider of retirement plan and fiduciary outsourcing solutions, introduced the Pentegra Millennial SmartPath, a report detailing best practices and strategies for Millennials to help improve retirement readiness and overall financial wellness. 

The report provides tips, advice and a better understanding of best strategies for Millennials including harnessing the power of compounding, finding extra dollars to save, saving for college and retirement, managing debt and asset allocation guidance.

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“The early years of a Millennial’s career can be chaotic and stressful,” says Rich Rausser, Pentegra senior vice president, client services. “Entering the workforce, paying back student loans, buying a home, raising a family, navigating debt issues, advancing a career, are all financially challenging.  There is so much to juggle for this generation, especially money. As the first true ‘post-pension’ generation, Millennials must save enough for retirement largely on their own. This is difficult for this group who are saddled with record levels of student loans. We wanted to create this tool exclusively for them, to provide valuable information to help Millennials master the financial strategies they should look to adopt right now. Our goal is to offer practical ways to achieve greater financial wellness and retirement readiness.”
Products April 2, 2019

Firm Launches Service to Monitor Retirement Plan Advisers

The new service by Clear Disclosure Partners is used by TPAs, recordkeepers, and retirement plan consultants to assist plan sponsor clients in monitoring the ongoing regulatory disclosure information of registered financial advisers providing investment advice.

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Clear Disclosure Partners launched its Clear Disclosure Program for retirement plan professionals servicing 401(k) plans.

The new service is used by third-party administrators (TPAs), recordkeepers and retirement plan consultants to assist their plan sponsor clients in monitoring the ongoing regulatory disclosure information of registered financial advisers providing investment advice.

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Clear Disclosure Partners is a regulatory compliance firm whose staff members are qualified, independent experts with decades of experience in monitoring financial adviser regulatory disclosure information. It specializes in the ongoing review of 401(k) plan service provider disclosures on behalf of retirement plan sponsors and other fiduciaries, including documenting results for Department of Labor (DOL) and Employee Retirement Security Act (ERISA) compliance files.

“Most retirement plan sponsors don’t have the capability to manage an effective and compliant 401(k) plan,” says Dave Dickinson, president of Clear Disclosure Partners. “That’s why it’s essential to hire and rely on qualified experts—and even more essential to watch the experts like a hawk.”

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