NAFCU Services Corp., Pentegra Partner in Retirement Plan Alliance
ARLINGTON, Va. - NAFCU Services Corp. has added Pentegra Retirement Services to its list of Preferred Partners to offer credit union members qualified retirement plans such as 401(k) plans and other defined benefit plans. The White Plains, N.Y.-based Pentegra manages more than $3 billion in qualified plan assets and offers a number of retirement plans including defined benefit, defined contribution and non-qualified deferred benefit plans. Pentegra also offers a defined contribution plan structure that is similar in composition to the Federal Employees Thrift Plan, the company said. NAFCU Services said it conducts "extensive research before identifying a firm that provides outstanding value to our members." It chose Pentegra "against many competitors, including some of the leading names in the deferred benefits business." This is one of the first partnerships formed under newly-named NAFCU Services Corp. President David Frankil, who took the helm July 6.