ABG Carolinas Joins Pentegra

February 4, 2011 (PLANSPONSOR.com) - Pentegra Retirement Services has announced that Alliance Benefit Group Carolinas has become a division of Pentegra.

Alliance Benefit Group Carolinas, a full service third party retirement plan administration and recordkeeping provider with locations in North and South Carolina, is a member firm of Alliance Benefit Group, a national network of independently owned retirement plan consulting and administration firms. The firm currently manages the retirement plans of over 1,500 clients with nearly $1.5 billion in assets.   

According to the announcement, Robert C. Albanese, President and CEO of Pentegra Retirement Services, will oversee the combined entity. James Comer, former President of Alliance Benefit Group Carolinas, will continue to be part of Alliance Benefit Group.   

Clients of Alliance Benefit Group Carolinas will continue to be serviced by their current team.  Alliance Benefit Group Carolinas operations and personnel will continue to operate out of their existing North and South Carolina locations.   

“This transaction fits Pentegra’s growth strategies in several areas. Along with its strong administrative and recordkeeping capabilities, Alliance Benefit Group Carolinas brings regional depth and scale as well as strong advisor servicing capabilities to Pentegra. The combined entity will increase our ability to meet client needs in a range of industries and offer an even broader array of advisor services, delivered in an even more effective manner,” said Albanese, in the announcement.  

Pentegra offers full service retirement programs, including 401(k) plans, defined benefit pension plans, ESOPs, KSOPs, profit sharing plans, 403(b) and non-profit plans, 457(b) and 457(f)  plans, executive benefit and director plans, BOLI and full-service private label retirement programs. More information is at http://www.pentegra.com.