While you may be aware that today is “Pi Day” due to the date being 3/14, and March 17 is St. Patrick’s Day. But we bet you didn’t know that Wednesday, March 16, is “3(16) Day”—at least it is according to Pentegra Retirement Services Inc.
White Plains, N.Y.-based Pentegra recently announced that is has designated March 16 as “3(16) Day” to “celebrate its expertise as the preeminent 3(16) fiduciary services provider in the retirement industry,” the company said in a statement.
As one of America’s oldest independent fiduciaries, Pentegra believes the value of a 3(16) fiduciary should be celebrated. 3(16) fiduciary outsourcing delivers a strategic solution for retirement plan sponsors by helping them save time, minimize fiduciary risk and reduce work by outsourcing time-consuming retirement plan responsibilities to an expert team.
“Today, our 3(16) fiduciary services are a key differentiator for Pentegra in the retirement plan industry. As one of America’s oldest independent fiduciaries, we like to think we do “fiduciary” better than anyone else,” said John E. Pinto, Pentegra CEO.
3(16) day acts as a reminder of the key benefits that 3(16) fiduciary outsourcing offers plan sponsors—saving them time, reducing workloads and minimizing liability, so that retirement plans run with less risk, greater efficiencies and improved outcomes.
Along with informational videos and educational resources that highlight Pentegra’s capabilities, the day will feature a live PENTalk webinar on Wednesday, March 16, 2022, starting not surprisingly at precisely 3:16 PM EDT and lasting for about half an hour. The webinar will feature an expert panel discussion on how 3(16) fiduciary services work and real life case studies and success stories. To register, click here: https://bit.ly/3th3gL1
“3(16) Day is an opportunity to promote our capabilities to advisors, clients, and enterprise partners. We are proud of our completely independent fiduciary services,” Pinto said. “More and more companies are trying to do it all, and that ‘all-inclusive’ mentality starts to blur the lines of convenience and independent oversight. Our first, and only, priority is administering our clients’ plans.”
Visit 316fiduciaryday.com for more information.
SEE ALSO:
- ‘American 401(k) PEP’ Debuts from Pentegra, Leafhouse Financial
- 3(16) Plan Administration: Make the Path Simple
- Smart Expands Fiduciary Services to Advisors, Recordkeepers, TPAs
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
