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Loren D Stark Co. Announced As Third Party Administrator for Retirement Income Assurance Policy

Loren D. Stark Co has been selected to be the Third Party Administrator for the newest defined contribution product on the market.

 
PRLog - Feb. 4, 2013 - Richmond, TX - February 4, 2013 – Pension Advisory Group, Inc. (PAG) and Pro Financial Services (PFS) jointly announced that Loren D. Stark Company, Inc. (LDSCO) has been selected as Third Party Administrator for the Retirement Income Assurance Policy (RIAP). Developed by PAG as Master General Agent, and PFS as Managing General Underwriter, RIAP is a group long term disability insurance product underwritten by Lloyd’s of London and purchased by an employer to protect their employees who participate in the company’s 401(k), 403(b) or 457 defined contribution retirement plans from the potentially devastating effect that a disability could have on a disabled participant’s future retirement income.

Founded in 1938 by Loren D. Stark, LDSCO is recognized as one of the leading third party administrators in the country. With more than 80 employees currently performing services for approximately 2,200 retirement plans, LDSCO provides the highest quality in recordkeeping services designed specifically to accommodate client organizations’ needs.

“LDSCO has an ongoing commitment to the development and integration of state-of-the-art technology and services to provide our clients with the most comprehensive retirement plan services available,” said Donald D. Stark, CEO of LDSCO. “Based on our industry knowledge and due diligence, we believe that the RIAP program is unique and truly needed by the retirement plans marketplace to help participants in qualified retirement plans rest assured knowing that their personal retirement plans will not become disabled if they have an unfortunate disability event occur before their normal retirement age.”

“Our belief is that the team at LDSCO is top drawer,” said Daniel I. Burns, President of Pro Financial Services, LLC. “We’ve gone through an extensive review process to arrive at our selection of LDSCO as Third Party Administrator for the RIAP program. LDSCO has an enviable track record over an extended period of years. Contracting with one of the best TPAs in the business for the RIAP program will have a positive long-term impact on participant experience and help us muster strong support for our clients’ retirement plans.”

For more information, click here http://pensionadvisorygrp.com/products/riap/ OR

http://www.pfsins.com/applications/download.php?type=riap

About Pension Advisory Group

Pension Advisory Group, Inc. is an independent insurance production and consulting organization, specializing in employee retirement and welfare benefit programs. The company is the originator and Master General Agent for the Retirement Income Assurance Policy program. With over 100 years combined experience in dealing with qualified retirement plans, the principals of Pension Advisory Group, Inc. are positioned on the cutting edge of retirement plan design activities.

About Pro Financial Services

Pro Financial Services, LLC (PFS) is a Managing General Underwriter with binding authorities on behalf of Lloyd’s of London and several other insurance carriers. For over three decades, the company has been a leading source of specialized disability insurance that protects professionals from unexpected and ruinous financial loss due to disability. Top talents in the corporate, sports and entertainment industries have turned to PFS to design customized insurance programs for their key personnel. PFS’s position as an experienced Managing General Underwriter provides us with the flexibility and control to create products that help remove risk from your clients’ balance sheets. PFS is a wholly owned subsidiary of National Financial Partners Corp., (NYSE: NFP), a leading provider of benefits, insurance and wealth management services.

About Loren D. Stark Co., Inc.

Loren D. Stark Co., Inc. is a leading retirement plan consultant and third party administrator. Since its inception in 1938, LDSCO’s objective has been to provide clients with plan designs that both meet their client’s needs as well as providing valuable benefit to their clients’ employees. The LDSCO staff of attorneys and consultants are specialists in retirement plan document preparation, compliance testing and reporting, plan participant annual ERISA compliance statements, Trust accounting and payroll reconciliation, participant loan and distribution documentation, and plan Form 5500 documents.

Contacts:

Eric Storey          

Pension Advisory Group, Inc.          

212 Morton St.          

Richmond, TX 77469          

www.pensionadvisorygrp.com          

Phone (281) 232-5800          

Fax (281) 232-5811

Claude Gibson

Pro Financial Services

500 West Madison St, Suite 266

Chicago, IL 60661          

www.pfsins.com

Phone (312) 376-4640

Fax (312) 376-4668

Dayton Stark

Loren D. Stark Co

10750 Rockley Road

Houston, TX 77099

www.ldsco.com

Phone (281) 498-5777

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Contact Email:
***@pensionadvisorygrp.com Email Verified
Source:Pension Advisory Group
Phone:855-724-4015
Zip:77469
City/Town:Richmond - Texas - United States
Industry:Life insurance, Disability Insurance
Tags:pension disability, insurance, 401k
Shortcut:prlog.org/12073272
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