Press Release

The Platinum 401k, Inc. Announces the Formation of the PSIvet Members Pooled Employer Plan

Issued by Platinum 401k

July 28, 2020

July 27, 2020 -- The Platinum 401k, Inc. is pleased to announce the establishment of the PSIvet Members Pooled Employer Plan, effective January 1, 2021.

The new retirement plan, which we believe is the first announced Pooled Employer Plan in the entire medical industry, will be available to members of PSIvetSM who are seeking a significant offload of fiduciary liability and the benefits associated with aggregating plan assets for significant pricing leverage.

“It’s something that our organization has been looking at for some time,” stated PSIvetSM President Patrick McCarthy. “The new Pooled Employer Plan arrangement, as developed by The Platinum 401k, Inc. and our Plan Representative Darby Affeldt, DVM, RICP® from North Star Resource Group, made this an easy decision for our group and one that we believe will be warmly embraced by our members.” PSIvetSM is the “most trusted advocate” for the independent Veterinary PracticeSM

“When our members talk about PSIvetSM, the term “trusted advocate” comes up often. More than 5,000 independent veterinary practices count on us to help them save more, grow more—and more successfully compete with corporate hospitals, big-box stores and online retailers. Our integrated professional services help them run a better practice,” Mr. McCarthy added.

About our Plan Representative
Darby Affeldt, DVM, RICP®, is the Plan Representative, and a Financial Advisor and Associate Partner with North Star Resource Group for clients across the country. She works with veterinarians in all career stages, with practices / businesses and with individuals seeking individual financial planning, retirement and estate planning guidance.

About North Star Resource Group
North Star Resource Group is a Minneapolis-based financial services firm providing individuals, families, and businesses with the resources needed to create, preserve, and protect their wealth. With a network of 150 advisors in 22 states, North Star has contributed to the financial security and well-being of over 140,000 individuals.** Additionally, North Star contributes 10 percent of profits each year to worthy nonprofits through the Scott Richards North Star Foundation, totaling $5 million donated since 2004. To learn more about North Star Resource Group, please visit www.northstarfinancial.com.

About The Platinum 401k, Inc.
The Platinum 401k, Inc. is America’s leading Pooled Employer Plan resource for associations, advisors, and recordkeepers seeking retirement plan solutions for their members or clients. They have over thirty years of experience in working with multiple employer plan clients across America. The plan is subject to final U.S. Department of Labor regulations.

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