This year, Accrued Benefit Administrators, Inc. has reason to celebrate as the company begins its 25th year. Established in 1991, the company is known as ABA and has been retirement plan consulting, administration and compliance services to qualified retirement plans. ABA specializes in 401(k), 403(b), Cash Balance and Defined Benefit plan administration.
Barbara Klein, the president and founder of Accrued Benefit Administrators, Inc., reflected on the company’s legacy and attributed much of its success to its employees, clients and referral sources. Barbara states, “Our story is simple, we believe in “Pension Specialists Focused on Service”. We strive toward this goal each and every day. In the beginning we were known as the ABA ladies. Over the years we lost that moniker; however, we are proud that our customers continue to be supported by the original four ABA ladies and our dedicated staff. The four of us have weathered the changes in our industry. When we started, virtually all plans were funded by the employer, not the employee. Today, there are over a half million 401(k) plans being funded predominately with employee dollars. Times certainly have changed.”
Recently, ABA launched a new division known as 401k Essentials which was developed to assist human resource and payroll professionals, employers, plan sponsors, fiduciaries, trustees and financial advisors in their roles of operating a 401(k) plan. 401kEssentials.com is the only independent on-line resource that offers comprehensive education, training, tools and support to those individuals responsible for the internal oversight and daily operation of their company’s 401(k) plan.
ABA llooks forward to the future—continuing their tradition of supporting clients with their best business practices, pension knowledge and customer service while introducing the retirement plan industry to another way of educating the employer and advisors about their roles within the pension industry. Their celebration year will feature additional educational seminars and the publication of Barbara Klein’s upcoming book 403(b) Essentials for the ERISA Plan. This is the fourth book in her Essentials series.