The Retirement Plan Company (TRPC) is now a member firm in the Alliance Benefit Group (ABG) network. TRPC, with headquarters in Nashville, is among the largest independent recordkeepers and third-party administrators (TPAs) in the Midwest and Southeast.
TRPC’s recordkeeping platform serves 1,100 defined contribution plans with more than $3 billion in 47,000 participant balances. As a TPA and defined benefit plan actuary, TRPC provides administration and actuarial services for 1,200 retirement plans directly, and provides TPA outsourcing services for an additional 2,700 plans served primarily by eight mid-sized TPA firms throughout the country.
Don Mackanos, president of ABG, cited TRPC’s business model and use of software engineering. “The team has created a number of automation tools not available elsewhere in the marketplace,” he said in a statement. “One set of automation tools in particular has enabled TRPC to build and manage a substantial offshore business unit. Adding TRPC provides ABG with greater geographic coverage for our various distribution opportunities, with our value proposition of local sales assistance and local servicing.”
John Kopra, president of TRPC, said in a statement that the ABG affiliation allows TRPC to provide services on national scale.
ABG is a national network of independently owned retirement plan consulting; investment advisory; health and welfare consulting; and benefits administration firms that operate as licensees. Collectively, Alliance Benefit Group is among the largest retirement plan administrators in the country, providing administration services to more than 19,900 plans representing more than $59 billion in assets and over one million participants.
TRPC provides open-architecture daily valuation recordkeeping and administration services for retirement plan sponsors, and support services for investment advisers and TPAs.