	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 3)*

Beneficial Bancorp, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

08171T 10 2

(CUSIP Number)

December 31, 2018

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x	Rule 13d-1(b)
o	Rule 13d-1(c)
o	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 08171T 10 2						13G	Page 2 of 5 Pages

	1	Names of Reporting Persons: Beneficial Bank Employee Savings and Stock Ownership Plan

	2	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		o

	3	SEC Use Only

	4	Citizenship or Place of Organization Commonwealth of Pennsylvania

Number of Shares Beneficially Owned by Each Reporting Person With			5		Sole Voting Power 2,532,171

			6		Shared Voting Power 1,862,478

			7		Sole Dispositive Power 4,394,649

			8		Shared Dispositive Power -0-

	9	Aggregate Amount Beneficially Owned by Each Reporting Person 4,394,649

	10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares o

	11	Percent of Class Represented by Amount in Row 9 5.9% (1)

	12	Type of Reporting Person EP

(1) Based on 74,791,418 shares outstanding as of December 31, 2018.

Page 3 of 5 Pages

Securities and Exchange Commission

Washington, DC 20549


Item 1	(a).	Name of Issuer: Beneficial Bancorp, Inc.
	(b).	Address of Issuer’s Principal Executive Offices: Beneficial Bank Place 1818 Market Street Philadelphia, Pennsylvania 19103

Item 2	(a).	Name of Person Filing: Beneficial Bank Employee Savings and Stock Ownership Plan Trustee: Pentegra Trust Company c/o Pentegra Services, Inc. 2 Enterprise Drive, Suite 408 Shelton, Connecticut 06484
	(b).	Address of Principal Business Office: Beneficial Bank Place 1818 Market Street Philadelphia, Pennsylvania 19103
	(c).	Citizenship: See page 2, Item 4
	(d).	Title of Class of Securities: Common Stock, par value $0.01 per share.
	(e).	CUSIP Number: 08171T 10 2

Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
	(f)	x	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

Page 4 of 5 Pages

Item 4.		Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
		(a).	Amount beneficially owned: See page 2, Item 9
		(b).	Percent of class: See page 2, Item 11
		(c).	Number of shares as to which the person has:
			(i)	Sole power to vote or to direct the vote: See page 2, Item 5
			(ii)	Shared power to vote or to direct the vote: See page 2, Item 6
			(iii)	Sole power to dispose or to direct the disposition of: See page 2, Item 7
			(iv)	Shared power to dispose or to direct the disposition of: See page 2, Item 8

Item 5.		Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: o

Item 6.		Ownership of More than Five Percent on Behalf of Another Person.
		Not applicable.

Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
		Not applicable.

Item 8.		Identification and Classification of Members of the Group.
		Not applicable.

Item 9.		Notice of Dissolution of Group.
		Not applicable.

Item 10.	Certification.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

Page 5 of 5 Pages

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

	January 28, 2019
	Date
	/s/ William J. Pieper
	Signature

	Pentegra Trust Company, as Trustee for the Beneficial Bank Employee Savings and Stock Ownership Plan
	By: William J. Pieper, Senior Vice President Pentegra Trust Company
	Name/Title

Beneficial Bancorp Inc. SC 13G/A