Pentegra Retirement Services Buys Three Plan Subsidiaries
WHITE PLAINS, N.Y. -- Pentegra Retirement Services, a provider of retirement products and services and a NAFCU preferred provider, has acquired three subsidiaries from the Retirement System Group Inc.
Pentegra announced today that it bought Retirement System Consultants Inc., Retirement System Investors Inc. and RSG Insurance Agency for an undisclosed amount. RSGroup, the holding company, has agreed to purchase RSGroup Trust Company and Retirement System Distributors Inc., the remaining subsidiaries of RSGroup, pending regulatory approval, according to Pentegra.
In 2006, NAFCU added Pentegra to its list of preferred partners. The company offers a number of retirement plans and manages $4.5 billion in defined compensation and defined benefit plans.