Pentegra announced April 19 that it will partner with EPIC Retirement Plan Services to offer ERISA 3(16) fiduciary solutions in conjunction with the firm’s recordkeeping platform.
The 3(16) fiduciary outsourcing solution will provide EPIC clients with the ability to outsource key retirement plan administrative responsibilities, according to the announcement.
“Today, the demand for 3(16) services is reshaping the marketplace,” Pentegra President and CEO John Pinto said in a statement. “Partnering with EPIC RPS is a tremendous opportunity to expand our fiduciary footprint as plan sponsors continue to embrace the concept of outsourcing fiduciary responsibilities and the advantages this approach offers.”
“3(16) fiduciary services are becoming increasingly important to retirement plan sponsors, particularly in today’s environment,” adds Brian Lenz Sr., EPIC’s Director of National Sales. “By combining our high touch service model and state-of-the-art user experience with Pentegra’s 3(16) fiduciary services, we can offer our clients an even more comprehensive solution. As an institutional fiduciary, Pentegra supports our goal to help our clients reduce workloads, minimize risk, and ultimately, help Americans retire.”
