Alliance Benefit Group
FIRM INFORMATION 456 Fulton Street, Suite 345, Peoria, IL 61602
Daphne Weitzel, (309) 671-4200, daphne.weitzel@abgemail.com
abgil.comBUSINESS PROFILEYear established:
1968National or local TPA:
NationalAre you a producing TPA or a 'non-producing TPA'?
EitherDC recordkeeping platform:
Yes (use our own platform only with some clients; use partner platforms for other clients)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
5Other managers/administrators:
8Actuaries:
1Sales staff:
6Support staff:
56RETIREMENT PLAN PROFILERetirement plan assets under administration:
Total number of retirement plans under administration:
750Total number of retirement plan participants under administration:
30,000NUMBER OF PLANS BY TYPE401(k):
620403(b):
24457:
8Nonqualified Deferred Compensation:
10Other DC:
32Defined Benefit/Cash Balance/Hybrid:
66FEE STRUCTURESFixed fee:
Per participant fee:
Basis points on assets:
Other:
Other (please specify)Combination of all 3 - and flexible to client preferenceFees offset by revenue sharing agreements?
It depends (please specify conditions below): If we receive revenue sharing then we directly offset. Often the fund line ups chosen for our clients produce $0 in sub-ta or other revenue sharing payments.State(s) where offices are located:
Illinois (IL), Utah (UT), Wisconsin (WI), Wyoming (WY)PLAN ASSET SIZES SERVED<$1 million:
Yes$1 million - $5 million:
Yes>$5 million - $10 million:
Yes>$10 million - $25 million:
Yes>$25 million - $50 million:
Yes>$50 million - $100 million:
Yes>$100 million - $200 million:
No>$200 million - $500 million:
No>$500 million - $1 billion:
No>$1 billion:
NoRECORDKEEPING RELATIONSHIPSNumber of recordkeepers with DC selling agreements:
7Number of recordkeepers with DC assets:
7Number of recordkeepers where new plans placed:
7FIDUCIARY SERVICESPlan level 3(16) services:
NoPlan level 3(38) services:
YesParticipant level fiduciary services:
NoPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
YesPlan benchmarking:
YesTarget-date evaluation tools:
YesInvestment committee meetings:
YesDesign/amend DC plan documents:
YesDesign/amend DB plan documents:
YesRecordkeeper transitions:
YesPrepare benefit statements:
YesProcess plan distributions:
YesPrepare loan paperwork:
YesNon-discrimination testing:
YesAllocation of contributions/forfeitures:
YesCalculate participant vesting %:
YesActuarial calculations & support:
YesForm 5500 preparation:
YesForm 5500 signing:
YesPlan audit support:
YesQDRO review:
YesSmall rollover IRA processing:
YesProvide fiduciary education:
YesAnnual 408(b)(2) assessment of fees:
YesInvestment selection services:
YesInvestment monitoring:
YesPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
YesRe-Enrollment meetings (after hire):
YesOne-on-one meetings with participants:
YesRollover assistance (into plan):
YesDistribution assistance (upon separation):
YesRetirement income planning:
YesFinancial/debt counseling:
YesEstate/tax planning:
NoAuthorize participant requests:
NoPrepare/deliver required participant notices:
Yes
