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Deals & People September 19, 2011
Pentegra Acquires National Life Group Division
Pentegra Retirement Services is acquiring National Life Group’s qualified plan administration business.
Reported by PLANADVISER staff
The National Life Group plans have been administered through National Retirement Plan Advisors (NRPA), one of the companies of National Life Group. Pentegra will administer these plans through its wholly owned subsidiary, Alliance Benefit Group Carolinas, with the transition expected to be completed by the end of the year.
National Life Group’s qualified plan marketing team will remain part of National Life Group and will continue to work directly with agents on business development.
“We deeply value the relationships National Life Group has built with its clients. As an organization, we are fully committed to continuing to provide National Life Group’s agents and clients with the very best retirement programs and services,” said Robert Albanese, Pentegra President and CEO.