3(16) Fiduciary Outsourcing—A Retirement Plan Best Practice for Banks

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Managing a retirement plan well goes beyond mere compliance — it’s about mitigating risk, enhancing operational efficiency, and safeguarding both your organization and your employees. Increasingly, banks are recognizing 3(16) plan administrator fiduciary outsourcing as a strategic approach to strengthen plan governance and ensure long-term plan and participant success.

This month’s blog explores why 3(16) fiduciary outsourcing isn’t just an option — it’s a true best practice.

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Pentegra

Founded in 1943 by the Federal Home Loan Bank System, Pentegra has been an industry leader in providing full service retirement plan solutions to banks nationwide. Pentegra offers a full spectrum of qualified retirement programs. With every retirement solution, we bring the same focus—relieving banks of the fiduciary and administrative burdens that come with sponsoring a retirement plan. Today, Pentegra administers/manages over 50,000 retirement plans and more than $13 billion in retirement plan assets.

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3(16) Fiduciary Outsourcing—A Retirement Plan Best Practice for Banks

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