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Contacts: David Frankil
703-842-2226
dfrankil@nafcu.org
Maria Siegel
203-926-3001
msiegel@pentegra.com
FOR IMMEDIATE RELEASE
December 16, 2009
PENTEGRA RETIREMENT SERVICES DETAILS COMPLEXITIES OF RETIREMENT PLAN FEES IN A NEW WEBCAST WITH NAFCU SERVICES
WASHINGTON — NAFCU Services Corporation (www.nafcu.org/nafcuservices) and Pentegra Retirement Services, NAFCU Services’ preferred partner offering qualified retirement plans for credit union employees, recently released a free webcast that helps credit unions understand and evaluate the multitude of retirement plan fees and expenses.
The free, educational webcast is available online at www.nafcu.org/pentegra.
The webcast is presented by Rich Rausser, an expert in retirement programs for credit unions and vice president of Pentegra Retirement Services. In the webcast, Rausser details the different types of retirement plan fees and expenses, where they come from, and how webcast viewers can evaluate them with their plan providers to ensure the perfect fit with their credit unions.
“Understanding the ins and outs of retirement plan fees and expenses is not always easy, but it is necessary,” states Rausser. “When conducting periodic plan review and fiduciary review, staying on top of these intricacies is critical to operating your programs and plans effectively.”
“Rich does a great job of breaking down fee transparency and fee disclosure, as well as giving a look into the newest Department of Labor guidelines all credit unions should be aware of while they are involved in this process,” explains David Frankil, president of NAFCU Services Corporation.
About Pentegra Retirement Services
Pentegra Retirement Services is a leading provider of retirement products and services to financial institutions nationwide. Founded by the Federal Home Loan Bank System in 1943, Pentegra offers a full range of retirement programs, including 401(k) plans, defined benefit pension plans, profit sharing plans, 457(b) and 457(f) plans, executive benefit and director plans, and full-service private label retirement programs.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry's leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 28 Preferred Partner programs to the credit union community. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.
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