Press Release

Association of Business Administrators of Christian Colleges Announces Formation of the ABACC Pooled Employer Plan

Issued by Platinum 401k

June 8, 2020

June 8, 2020 -- The Association of Business Administrators of Christian Colleges is pleased to announce the establishment of the ABACC Pooled Employer Plan effective January 1, 2021.

The new retirement plan will be available to members of the Association 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 years”, stated ABACC Executive Director Bruce Hoeker. “Traditional Multiple Employer Plan programs, while having several appealing factors, never provided enough protection to our Association and our members as we would have liked. The new Pooled Employer Plan arrangement, as developed by The Platinum 401k, Inc. and our plan advisors at Highland Consulting Associates, Inc. in Cleveland, Ohio, made this an easy decision for our Association and one that we believe will be warmly embraced by our members.”

The ABACC is an organization established to provide resources and forums for chief financial officers or business administrators of Christian colleges or universities across America. They provide access for members to top-notch experts and experienced industry professionals who can help their members in every facet of carrying out an institution’s business.

Highland Consulting Associates is an independent, fee-only investment consulting firm with headquarters in Cleveland, Ohio. Founded in 1993, Highland has been recognized as one of the largest investment consulting firms based on worldwide institutional assets under advisement. (Pensions & Investments, November 25, 2019)

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.

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