Products April 2, 2013

QPC Buys Pension Plan Services

April 2, 2013 (PLANSPONSOR.com) – Qualified Plan Consultants, LLC (QPC) has purchased Pension Plan Services, Inc.
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QPC, an Iowa-based 401k plan consulting and administration firm founded in 2003, will take over full third-party administration 401(k) plan design, consulting and administration services for Pension Plan Services’ 375 plan sponsor clients and their financial advisers.

The acquisition of Pension Plan Services will allow QPC to increase its footprint throughout the Midwest by increasing its access to 401(k) recordkeeping platforms such as MassMutual and Lincoln Financial, and add another 150 financial advisers to its adviser network. Employees of Pension Plan Services, Inc. will be relocated to the QPC office in West Des Moines.

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“Pension Plan Services has provided quality administration and consulting services to its clients for over 20 years,” said QPC co-founder Mick Fouts. “We are very much looking forward to continuing the tradition of providing this high-level service to all their current plan sponsor clients and the plans’ financial advisers.”

Benefits April 2, 2013

Need More Time Off? Survey Agrees

April 2, 2013 (PLANSPONSOR.com) – Do you feel like you need more time off? A recent survey from Hotels.com agrees.
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The survey revealed a large disparity in paid and public holiday entitlements across the globe. When looking at both statutory annual leave and public holiday allowances, the U.S. ranked 25th out of 30, narrowly escaping the bottom five countries ranked by amount of allotted time off.

On average, most Americans receive 10 days of paid time off and an additional 10 national holidays, such as Memorial Day, Fourth of July and Labor Day. Of the 30 nations surveyed, the average of annual leave and public entitlement was 28 days.

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Russia topped the list with 40 total days of holiday and leave, followed by Italy and Sweden in a tie for second, each with a total of 36 days. In contrast, Canada and Mexico both receive the lowest amount of holiday and leave allowance, with workers only receiving 15 and 13 days, respectively.

“Vacation time enables workers to strengthen their connections to friends, family, and interests outside of the office,” said Taylor L. Cole, travel expert for Hotels.com. “It is essential to help them hit ‘reset’ on creativity and productivity within the workplace.”

The complete ranking can be found here.

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