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    ComplaintsforPentegra

    Retirement Planning Services
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    Complaint Details

    Note that complaint text that is displayed might not represent all complaints filed with BBB. See details.

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    Complaint Status
    Complaint Type
    • Complaint Type:
      Customer Service Issues
      Status:
      Answered
      I am simply traying to contact them. Both the 800 numbers leave me hanging with no periodic updates as to the status of the wait. My ************* *** was moved from Pentegra to EMPOWER and when I did get a **************** Rep in the past, looking for where my funds are, were being told different excuses. There is a black out period, there is a computer, glitch, programing issue, still it has been weeks and my *** ***** is gone, I have a zero balance and no one is picking up the phones in customer service. I also am in the middle of doing my taxes and need a duplicate 1099 for a distribution and no one is answering!!!! Other collogues are outraged and worried about where there ***** is. Also the website is no longer acknowledging our sign in!!!

      Business response

      04/04/2024

      Thank you for bringing this to our attention. We highly value your input as we take great pride in our customer service.  A *********************** Representative was able to connect with the participant on April 3, 2024 and answered all questions and concerns timely.  If there are any further questions or issues, please contact us at ************.  Thank you.
    • Complaint Type:
      Service or Repair Issues
      Status:
      Answered
      Withdrawal my 401k after termination with company after 11 yrs service Started withdrawal on 1/16/24, told 5 to 7 day process 1/29/24 and still havent seen any money, plus I have left messages for ****************** a total of 3 and will not return phone call, email or any other form of communication this company is the third party administration to the 401k in service nationwide retirement services, I have spoke to nationwide financial and they said they have no form in hand to withdraw my 401k that pentegra has not sent the form to them

      Business response

      02/08/2024

      Thank you for bringing this matter to our attention - we strive to provide excellent customer service and appreciate the feedback.  Per our **************** team the initial distribution request submitted by the participant on January 16, **** first needed to be approved by the participant's former employer, which was subsequently done.  The distribution was then approved by Pentegra and sent to Nationwide for processing on February 1, ****.  Per our records, the withdrawal was disbursed by Nationwide on February 1, **** so the participant should receive a paper check via **** shortly, if he has not already.  We apologize for any delays in processing the original request but for the security of participants' accounts there are numerous operational steps we must follow.  ***** let us know if you have any further concerns.
    • Complaint Type:
      Service or Repair Issues
      Status:
      Answered
      I have an overage in my 401k, and over a month ago sent in ALL documentation needed to receive my refund. I have since called a dozen times, and each time they say they are reviewing documentation. This is unacceptable. Stop holding onto my money and return it to me.

      Business response

      03/20/2023

      We apologize for the delay in processing the complainant's request.  Per our **************** Manager, we reached out to the complainant on March 16, 2023 and the matter was resolved to the complainant's satisfaction.  We take customer service issues very seriously and will evaluate what led to the delay in processing.  Any further questions can be directed to our **************** team at ************.   

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