Pentegra Offers Fiduciary Education to Plan Sponsors and Advisers

Pentegra has introduced the Pentegra Fiduciary SmartPath, a report detailing best practices and strategies for business owners, plan sponsors and advisers to use to help navigate the shifting fiduciary landscape.

The report is designed to help understand fiduciary responsibilities and corresponding liabilities, and offers recommendations and guidance for managing these duties.

Pentegra Fiduciary SmartPath details each fiduciary role in a retirement plan and focuses on helping plan sponsors and advisers clarify the many nuances associated with fulfilling their obligations, addressing some of the most important concerns of plan sponsors today. The report also tackles why outsourcing these responsibilities may be the trend of the future.

Pentegra notes that retirement plan administration and the oversight of plan assets involve complex processes laden with compliance burdens. For many plan sponsors, the level of self-education and the commitment of time and energy required to effectively fulfill their fiduciary duties is an unwelcome concern that too often distracts from the more critical responsibility of running a business.

“Today, business owners, plan sponsors and advisers are extremely concerned with the changing regulatory landscape and overall plan administrative burdens. There is a strong desire to reduce workloads, fiduciary liability and risk. They want retirement plans to deliver successful outcomes for the sponsor as well as the participant. Our new tool, the Fiduciary SmartPath, is an invaluable resource at a very important time in the industry,” says Rich Rausser, senior vice president at Pentegra,

As part of the launch of the Fiduciary SmartPath, Pentegra will present a free PENTalk webinar on this topic Tuesday, March 21, 2017, at 11:00 am EST. Click here to register. To view the Fiduciary SmartPath click here.