Press Release

The Cerrado Group Celebrates Its Third Anniversary – and Plans for Its Future Growth

Issued by The Cerrado Group

Feb. 29, 2024

NATIONAL –The Cerrado Group is celebrating the third anniversary of its formal formation as a 501(c)(6) Trade Association. This member only group that was started in 2021 by nine of the leading TPA firms in the nation has now grown to 16 member firms, serving 23,000+ plans, 850,000+ plan participants, and $46 billion total plan assets under administration.

Since its last anniversary, the primary focus for The Cerrado Group has been to define a plan to move the organization forward. “We are working on initiatives to elevate The Cerrado Group ", says Executive Director Ann Slotwinski. “Specifically, we are focusing on finding ways to gain efficiencies through the use of technology; defining best practices for administrative processes that are common to all the member firms; building our brand and name recognition; and developing new products and services that are unique to the industry. We will continue to add new members who share our vision and values and also look forward to representing and advocating for the TPA Industry through our participation with The SPARK Institute."

Managing Partner for member firm MAP Retirement, Bob Carroll states, “As we commemorate the third anniversary of The Cerrado Group, it is with great pride and enthusiasm that we reflect on our collective journey of growth and achievement. Over these past three years, our founding group of dedicated Plan Consultants has blossomed into a thriving community of 16 member firms, with more poised to join us in 2024. Our unprecedented growth and collaboration speak volumes about the spirit of trust and partnership that defines our collective endeavor. From our inception as highly respected Plan Consultants/Third Party Administrators (TPAs) to our expansion and the implementation of industry-leading initiatives like our Cyber Security Standard, we've remained steadfast in our partnership with Financial Consultants advocating for superior retirement plan outcomes.

Our growing strategic partnerships with major recordkeepers have not only expanded our distribution opportunities but also reinforced our commitment to delivering unique local expertise and comprehensive solutions exclusive to The Cerrado Group. These partnerships underscore our dedication to delivering unparalleled value while advancing industry standards. As we gaze toward the future, our commitment to innovation, collaboration, and excellence remains unwavering. We continue to seek like-minded plan consulting firms to join our ranks, fostering even greater collaboration and collective success. I am immensely proud of our accomplishments thus far and filled with excitement for the continued growth and impact we will undoubtedly achieve in the years ahead.”

As The Cerrado Group moves forward over the coming months the entire group will continue to focus on its core goals of education, partnership, stewardship, and growth in the retirement plan industry.

About the Cerrado Group:

The Cerrado Group was founded by Nine of the nation’s preeminent Third Party Administrator (TPA) consulting firms, this member only, 501(c)(6) Trade Association was established to offer an entirely new approach to the highly specialized work of retirement plan design, reporting, compliance, administration, and industry education. The Cerrado Group members, while remaining independent regional operators, actively combine their vast resources to fully serve the retirement plan industry at large.

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