PEORIA, Ill., June 25, 2012 /PRNewswire/ -- Alliance Benefit Group (ABG), one of the nation's largest retirement plan providers serving small- and mid-sized companies through a national network of independently-owned, full-service licensees, has taken a leadership role in advocating for the retirement industry. ABG recently submitted an extensive request to the Department of Labor (DOL) seeking clarification on the new DOL regulations impacting employers in 2012 as reported by PLANSPONSOR, a leading retirement industry publication.
ABG's independent retirement administrators serve over one million participants across the country through approximately 13,000 plans, representing over $38 billion in assets under management.
"As a growing network of independent retirement administrators, ABG embraces its leadership position in addressing retirement issues that not only impact independent recordkeepers but the important small employer segment," said John G. Hopkins, IV, Executive Director of Alliance Benefit Group. "ABG is uniquely positioned to be the collective voice to Washington on independent employee benefits consulting and administrative issues that are critical to the 50-to-5,000 participant retirement plan."
"While ABG provides the scale and technical expertise for licensees to share best practice ideas as well as greater buying power, the organization's larger mission is to shape the industry's identity with policy makers by filling an information void for both service provider and plan sponsor segments," added John Carnevale, President of Sentinel Benefits & Financial Group, ABG's newest licensee headquartered outside of Boston, MA.
About Alliance Benefit Group, LLC
Alliance Benefit Group, LLC is a national network of independently owned retirement plan consulting; investment advisory; health and welfare consulting; and benefits administration firms that operate as "Licensees" of Alliance Benefit Group, LLC. Collectively, Alliance Benefit Group is one of the largest retirement plan administrators in the country, providing administration services to over 13,000 plans representing more than $38 billion in assets and over one million participants. For more information, please visit www.abgnational.com.
About Sentinel Benefits & Financial Group
Headquartered outside of Boston, MA, Sentinel Benefits & Financial Group is a leading employee benefit consulting and administration firm. Our broad range of financial services makes Sentinel Benefits an excellent choice for clients seeking a single resource to manage all of their employee benefits including group insurance brokerage, Flexible Spending Accounts (FSA), Health Reimbursement Accounts (HRA), COBRA, retirement plan consulting and administration and investment advisory services. National in scope, Sentinel serves more than 3,500 businesses primarily in the New England and New York regions. For more information, please visit www.sentinelgroup.com.
SOURCE Alliance Benefit Group