We oversee retirement plan assets for
employers who have as few as 25 employees to those companies with well over
10,000 workers. Our minimum initial plan size is $1,000,000 of existing plan
assets. Our average plan size is between $3,000,000 and $8,000,000, and our
largest individual Platinum 401k adopting employer is rapidly approaching
$20,000,000 in plan assets.
Our target market is corporate
retirement plans for companies with 50 – 1,000 employees who have current plan
assets of $3,000,000 to $15,000,000. Our national enrollment support allows us
to easily accommodate companies with multi-state locations. By the way, clients
who are currently utilizing one of our provider partners may be able to eliminate
all “blackout notice” requirements in a plan conversion. Ask us for further
information about this terrific benefit!
With over 70 years of combined
industry experience, the senior leadership team of The Platinum 401k program
ranks among the most elite members of the retirement plan community today.
Third Party Plan
Administration Services Provided By American Pension Services, LLC
American Pension Services, LLC is one
of the country’s most experienced multiple employer plan administration firms.
Our team has been involved with multiple employer plan clients for over 25 years
and they currently provide multiple employer plan administration services for
some of the retirement plan industry’s largest professional employer
organizations. The company, based in Clearwater, Florida, was established in
2000.
Terrance Power,
AIFA®, QPA®, ERPA, CFP®, CRPS®, is the founder and President of the Organization. A 35-year retirement
plan industry veteran, Terry has been a frequent speaker at events sponsored by
the American Society of Pension Professionals and Actuaries, fi360, The Center
for Due Diligence, the National Association of Professional Employer
Organizations, Wolters Kluwer, Plan Sponsor Magazine, and many other prominent industry
organizations. He also provided expert testimony before the U.S. Department of
Labor ERISA Advisory Council in 2014 on the subject of Outsourcing Employee
Benefit Plan Services. Terry is also the founder and owner of The Platinum
401k, Inc.
As the program’s third party
administrator, American Pension Services, LLC is responsible for retirement
plan administration and compliance oversight of the program.
Plan 3(38)
Investment Manager Services Provided By Fidelis Fiduciary Management, LLC
W.
Michael Montgomery, AIF®, CLU, CFS, TGPC, C(k)P®, serves as the plan’s ERISA 3(21) and
3(38) Investment Manager as the Chief Executive Officer of Fidelis Fiduciary
Management, LLC. Mike has been in the retirement plan industry since 1977. In
2009, his firm secured the coveted CEFEX Certification for fiduciary
excellence. They are one of less than 100 firms nationally to hold this
distinguished certification.
He was named by the 401kWire.com as one
of the “100 Most Influential People” in the Defined Contribution Industry in
2010. He was twice named as the #1 Defined Contribution Advisor in the United
States in one of four market segments (2010 and 2012). He was also named to the
2015 Financial Times “Top 401k Retirement Plan Advisors” list.
The Investment Manager selects and
monitors the investment fund lineup for the program and is also responsible for
the fiduciary due diligence oversight of the entire program.
