Pentegra Services acquires plan administration firm

Pentegra Services acquires plan administration firm
New Pinnacle Consulting Group, of Cornelius, North Carolina, specializes in 403(b) plans and currently manages over 600 retirement plans.
JUL 29, 2022

Pentegra Services Inc., a White Plains, New York provider of retirement plan and fiduciary outsourcing solutions, has acquired New Pinnacle Consulting Group, a third-party retirement plan administration firm based in Cornelius, North Carolina.

Terms of the acquisition were not disclosed.

Founded in 2007, New Pinnacle Consulting specializes in 403(b) plans and currently manages over 600 retirement plans for clients nationwide. Pentegra will oversee the combined entity.

Pentegra will oversee the combined entity. Gary Mauger, co-founder and managing partner of
New Pinnacle, will continue to play an integral role in the new organization., Pentegra said in a press release. With this acquisition, all New Pinnacle employees will join the Pentegra organization.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave