CEFEX®, Centre for Fiduciary Excellence, LLC, has certified Altigro Pension Services, Inc. as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers. Altigro joins an elite group of firms who have successfully completed the independent certification process for service providers.
The ASPPA Standard of Practice describes how a service provider of any size or type can help plan sponsors fulfill their fiduciary obligations. CEFEX® uses 2 classifications: 1) in-house recordkeeping services and 2) administration services (i.e. third party administration). The Standard includes best practices for governance, organization, human resources, operations, planning, systems, and disclosure, as defined by a cross-industry task force established in 2007. The Standard is modeled after the “Prudent Practices for Investment Stewards” published by fi360 Inc. of Pittsburgh, PA.
Altigro provides third party administration services. According to the Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, “The CEFEX® certification provides assurance to fiduciaries and their stakeholders that Altigro has demonstrated adherence to the best practices in the TPA industry. The successful completion of the independent assessment is an extraordinary indication of a firm’s accountability to its clients.”
The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. Altigro is registered at http://www.CEFEX®.org/registeredCompanies.aspx where its certificate can also be viewed. A summary of the Standard can be viewed by clicking on the certificate.
For information on the certification program and CEFEX® please go to www.CEFEX®.org, where a full copy of the Standard of Practice is available.
FAIRFIELD, NJ, January 19, 2009 -- Altigro Pension Services, Inc. of Fairfield today announced it has acquired the third-party pension administration services of Hilb Rogal & Hobbs (HRH) of Cranford.
As part of the acquisition, Bernard McCauley will be joining Altigro as a senior pension administrator to better serve and expand Altigro's base of pension clients. He will be working closely with Vita Amadeo of HRH on the client files that are transferred to Altigro.
Altigro will now serve more than 1,000 retirement plans in 27 states
March 13, 2013 --
Altigro Pension Services is proud to announce its merger with IPA Northeast, LLC of Cranford, NJ. The combined company will operate under Altigro’s name and will provide a wider array of retirement plan services to more than 750 employers.
FAIRFIELD, NJ, January 29, 2009 -- Altigro Pension Services, Inc. of Fairfield, a family-owned business that has been designing and administering retirement plans for more than 35 years, today announced it has acquired the third-party administration division of Global Pension Services, LLC (GPS) of Cranford.
"Both GPS and Altigro have established reputations for providing experienced third-party administration for qualified retirement plans," said Steven P. Greenbaum, president of Altigro Pension Services. "By joining forces, we will build upon that heritage, delivering an expanded range of innovative and enhanced services to our clients."
Commitment to Education Continues
February 8, 2012 -- At Altigro our end-focus is helping thousands of hard-working people achieve their retirement goals. The best way to make that happen is to help educate our plan-sponsors, participants, and partners.