The office will house a customer care team providing 401(k) plan services to business owners and their employees, as well as PAi’s Trust Company. PAi Trust Company will also be located in the PAi Sioux Falls office and will serve as an operations center for PAi Trust, with day-to-day trust activities being conducted out of this location.
PAi has been in business for 30 years, and specializes in 401(k) plans from start-ups to multi-million dollar plans. PAi has developed a proprietary system that delivers simple and affordable retirement solutions.
“We’re excited about the expansion and look forward to replicating our unique culture in South Dakota,” says Tracy Ruh, PAi’s chief operating officer. “The entire organization is passionate about helping people prepare for retirement, and that passion drives us to constantly look for new opportunities. This expansion to Sioux Falls will enhance our efforts to successfully provide 401(k) solutions nationwide.”
PAi administers 401(k) plans for more than 190,000 participants and 7,000 financial advisers, and manages more than $3 billion in retirement assets. Its focus is on offering low-cost 401(k) administration with transparent fees and easy-to-use technology. For more information about PAi, visit www.pai.com.