American Pension Services, Inc.

America's Specialists in 401(k) Retirement Plans

American Pension Services, Inc. has been an industry leader in the installation and operation of multiple-employer retirement plans for the Professional Employer Organization (PEO) industry since our inception in 2000. We have been members of NAPEO since that time as well.

 

Our individual background in this highly-specialized industry goes back nearly two decades, giving us a unique perspective into this dynamic field.

 

Our committment to quality and service has driven us to maintain our long-standing position of only working with the highest quality 401k plan recordkeepers who have the financial strength to protect not only your plan participants, but the trustees of your plan as well.

 

The recent ruling from the U.S. Supreme Court in February 2008 (you can get a copy of it here) clearly underscores the very real financial exposure that a PEO has when not using a recordkeeping platform that has the backing of a major financial institution. PEO Plan Trustees should discuss this exposure, which was articulated quite well by Justice Thomas in his own comments about the ruling, with your firm's legal counsel.

 

American Pension Services has, since our inception, only utilized PEO plan recordkeeping platforms run by major financial institutions who can provide an annual 'SAS-70' report  and who qualify for a limited-scope audit due to their internal controls and procedures.

 

Terrance Power, President and owner of American Pension Services, spent over a decade as a senior-level employee of one of these recordkeepers. His background with both a major financial institution as well as with a third party plan administration firm is unique in the industry.

 

We continue to be the 'provider of choice' for PEOs who seek an independent and experienced third-party administration team with multi-billion dollar recordkeeping partners as part of their company's retirement strategy.

 

Call us today to discuss how we can be of service to you and your PEO!

 

American Pension Services, Inc.
5455 West Waters Avenue, Suite 211

Tampa, Florida  33634 
800.585.7540, x110
Fax 800.672.1203

TPower@AmericanPension.net

 

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