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Pentegra Boosts Administrative, 3(16) Fiduciary Services

Making a strategic expansion to increase scale and presence in the market, Pentegra has acquired New Pinnacle Consulting Group (NPCG), a full-service TPA.  

Founded in 2007 and based in Cornelius, N.C., NPCG specializes in 403(b) plans and currently manages more than 600 plans for clients nationwide, according to the July 21 announcement. 

“This acquisition supports our strategic objective of expanding market share—particularly in the area of third party administrative and 3(16) fiduciary services for 403(b) plans,” Pentegra President & CEO John E. Pinto said in a statement. “Our combined brands and businesses mean increased scale, presence and relevance in a continually evolving industry.”

“We have the utmost respect—both personally and professionally—for Gary Mauger and Christine Dailey and what they and their family have built at NPCG,” added Pentegra Executive Vice President Matthew P. Mintzer. “This is a great combination of opportunity, relationships, timing, skill, and cultural fit.” 

Pentegra will oversee the combined entity. Mauger, who is a co-founder and Managing Partner of NPCG, will continue to play an integral role in the new organization. 

“We are very pleased to have reached this agreement with Pentegra,” stated Mauger. “While we will continue to offer the same core competency services, our relationship with Pentegra will provide us with greater flexibility to meet the growing needs of our advisor-partners and plan sponsors, while capitalizing on the expertise that the Pentegra team offers.” 

With this acquisition, which became effective July 15, 2022, all NPCG employees will join the Pentegra organization.