Pentegra is teaming up with EPIC Retirement Plan Services to offer 3(16) plan administration services on EPIC RPS's record-keeping platform, Pentegra said Monday in a news release.
Pentegra's 3(16) fiduciary services will give EPIC RPS clients the ability to outsource key retirement plan administrative responsibilities, the news release said.
"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," Pentegra President and CEO John Pinto said in the news release.
Brian Lenz Sr., EPIC RPS' director of national sales, said in the release that Pentegra's 3(16) fiduciary services combined with EPIC RPS' "high-touch service model and state-of-the-art user experience" would help support its goal to help plan sponsor clients "reduce workloads, minimize risk, and ultimately, help Americans retire."
Pentegra spokesman Kevin Zimmerman did not immediately respond to requests for additional comment. An EPIC spokesman did not immediately return a call to the company's Rochester, N.Y., office requesting a comment.