Recordkeepers
NAPAFIRMPARTNERS
Des Moines, IA • principal.com
White Plains, NY • pentegra.com
Pentegra
Principal Financial Group
Key Contact(s)
Key Contact(s)
John Schafer 317.506.6875 • john.schafer@pentegra.com Rob Fiorentino 914.607.6839 • tob.fiorentino@pentegra.com
Scott Boyd 860.597.2336 • boyd.scott@principal.com Teresa Hassara hassara.teresa@principal.com Jeffrey Snoots 704.620.8036 • snoots.jeffrey@principal.com
Firm Profile At Pentegra, we are a different kind of retirement plan partner—we’re a fiduciary first. As one of America’s oldest independent fiduciaries, we help employers offer better retirement plans with fiduciary services that reduce work, minimize risk and drive greater efficiencies. We partner with you to bring flexibility to every opportunity, with a comprehensive array of qualified and non-qualified retirement plans, TPA services and flexible fiduciary outsourcing solutions, including 3(16) administrator services.
Primary Market(s) Served Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million
Plans / Participants Served by Type*
401(k): 1,041 / 65,813 403(b): 118 / 4,179 457: 27 / 184 Cash Balance: 5 / 853 Defined Benefit (Traditional): 188 / 33,705 Money Purchase: 2 / 49 NQDC: 18 / 588 Other: 39 / 12,189
Firm Profile At Principal Financial Group®, we strive to help plan sponsors realize the full potential of their retirement program, while seeking to help participants achieve improved retirement outcomes. Through industry leadership, a flexible service model, investment management, and outcome-driven participant education, we offer services that you can customize based on the needs of plan sponsors and their employees. Principal® offers a wide range of financial products and services, including retirement, asset management and insurance.
Primary Market(s) Served Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million, Mega: >$250 million
Plans / Participants Served by Type*
$10,723,000,000
401(k): 36,631 / 9,986,540 403(b): 2,175 / 43,537 457: 1,335 / 38,518 Cash Balance: 211 / 92,096 Defined Benefit (Traditional): 2,905 / 998,609 Money Purchase: 311 / 103,421 NQDC: 2,946 / 96,920 Other: 3,138 / 3,117,978
Plans by Channel
Total Assets Administered
Direct: 322 / Advisor: 1,116
$492,740,099,817
Platform(s) Used
Platform(s) Used
Open Architecture
Proprietary recordkeeping platform
Asset Allocation Funds
Asset Allocation Funds
All are available through open architecture
Principal LifeTime Hybrid target date portfolios, Principal LifeTime target date portfolios, Principal Strategic Asset Management portfolios
Total Assets Administered
Advisor Support Services
External Wholesalers Focused on Advisors: 12 External Wholesalers Focused on Institutional: 12 Internal Wholesalers Focused on Advisors: 6 Internal Wholesalers Focused on Institutional: 6 Compliance Support, Plan Benchmarking, Training for DC Plan Sales/Service, Investment Committee Meetings
Participant Support Services In-Plan Lifetime Income Options, Rollover Services, Call Center Support, Facebook Page, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plan Sponsor Service(s) Available Custom plan design, consulting, administration, open architecture investment platforms, legal and technical support, plan compliance, fiduciary services, education and communications, and 24/7 web access
Advisor Support Services
External Wholesalers Focused on Advisors: 80 External Wholesalers Focused on Institutional: 9 Internal Wholesalers Focused on Advisors: 60 Internal Wholesalers Focused on Institutional: 8 Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
Participant Support Services In-Plan Lifetime Income Options, Rollover Services, Call Center Support, Facebook Page, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plan Sponsor Service(s) Available We provide consultative full-service support to engage your participants, boost enrollment goals, and optimize participant outcomes while reducing your administrative burden. *as of 6.30.23
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NAPABLACKBOOK2023