Pentegra Announces 401(k) Offering With Only SRI, ESG Investments

Pentegra is partnering with Social(k) and LeafHouse Financial to offer the Big Green Retirement Plan, an aggregate 401(k) retirement program with a focus on socially responsible investing (SRI) and environmental, social and governance (ESG) investing.

The plan offers comprehensive, bundled 401(k) plan services with full fiduciary and investment outsourcing capabilities. Pentegra will provide recordkeeping and 3(16) fiduciary administrator services. LeafHouse Financial will provide 3(38) discretionary investment fiduciary services for the plan.

“Until now, green companies have had limited options for retirement plans that offer socially responsible investing alongside fully bundled 401(k) plan services and outsourced fiduciary responsibility,” says Pete Swisher, Pentegra senior vice president and national practice leader. “The Big Green Retirement Plan offers a tremendous market opportunity.”

LeafHouse President Todd Kading adds: “Environmental, social and governance factors are increasingly viewed as important elements in determining the financial performance of companies. Our firm sees the trajectory of ESG investing rising, and believes the time is right to offer investment oversight to retirement plans. In our opinion, there is no better way to do this than to partner with two industry leaders, Pentegra and Social(k).”

Social(k) Founder and Owner Rob Thomas says the Big Green Retirement Plan should allay sponsors’ fiduciary concerns about offering SRI and ESG investment options.