ADMIN Partners, LLC Company Profile

Background

Overview

Founded in 2006, ADMIN Partners, LLC is a full-service Third-Party Administrator (TPA) specializing in retirement plan administration for tax-exempt and government organizations. The company focuses on designing and managing retirement plans tailored to the unique needs of public education institutions, local and state governments, non-profit organizations, and religious entities.

Mission and Vision

ADMIN Partners is dedicated to alleviating the administrative burdens associated with retirement plan management, allowing organizations to concentrate on their core missions. By offering comprehensive compliance support and administrative services, the company aims to ensure seamless plan operations for its clients.

Key Strategic Focus

Core Objectives

ADMIN Partners' primary objective is to provide expert retirement plan administration services that ensure compliance and operational efficiency for tax-exempt and government organizations. The company emphasizes a vendor-neutral approach, allowing clients the flexibility to choose investment products that best suit their plans without limitations.

Areas of Specialization

The company specializes in administering various defined contribution plan types, including:

403(b), 403(b) Special Pay, 457(b), and 401(a) plans for public education organizations.

457(b) and 401(a) plans for local and state governments.

403(b) ERISA and ERISA-Exempt, 457(b) "Top Hat," and 401(k) plans for 501(c)(3) non-profits.

403(b), 403(b)(9), and 401(k) plans for church and religious organizations.

Key Technologies Utilized

ADMIN Partners employs a range of technologies to support its services, including:

RSS for content management.

Google Font API and jQuery for website functionality.

Bootstrap for responsive design.

Primary Markets Targeted

The company's services are tailored for:

Public education institutions.

Local and state government entities.

501(c)(3) non-profit organizations.

Churches and religious organizations.

Financials and Funding

Revenue

Estimates of ADMIN Partners' annual revenue vary:

Approximately $11 million per year, with an estimated revenue per employee of $189,000.

Around $5.4 million.

Between $1 million and $10 million.

Funding History

The company has raised a total of $150,000 in funding over one round.

Leadership Team

Key Executives

Mark Heisler: Chief Executive Officer.

Maria Speeney-Johnson: Director of Client Services.

Jason Kaplan: Client Services Manager.

Doug Baldino: New Business Department Manager.

Rose Hence-Pizzoli: Client Relationship Manager.

Competitor Profile

Market Insights and Dynamics

The retirement plan administration market is competitive, with numerous firms offering similar services to tax-exempt and government organizations. Key factors influencing the market include regulatory changes, technological advancements, and the increasing complexity of retirement plans.

Competitor Analysis

Notable competitors include:

RetirementPlans.com: Offers retirement plan services with an estimated revenue of $4.5 million and 16 employees.

Scholz, Klein & Friends Enlightened Retirement Group: Provides retirement planning services with an estimated revenue of $5.2 million and 25 employees.

Compass Retirement Consulting Group: Specializes in retirement consulting with an estimated revenue of $21.6 million and 39 employees.

Pension Financial Services: Offers pension-related services with an estimated revenue of $5.2 million and 23 employees.

Actuaries Unlimited: Provides actuarial services with an estimated revenue of $6.1 million and 30 employees.

Strategic Collaborations and Partnerships

ADMIN Partners maintains relationships with over 60 investment firms, enabling clients to select investment products that align with their specific plan requirements without restrictions.

Operational Insights

Competitive Advantages

ADMIN Partners differentiates itself through:

Vendor Neutrality: Allowing clients to choose from a wide range of investment products without limitations.

Complex Plan Design Expertise: Managing plans of varying sizes and complexities.

Non-Producing TPA Status: Focusing solely on plan administration and compliance without selling investment products or offering investment advice.

Strategic Opportunities and Future Directions

ADMIN Partners is positioned to capitalize on the growing need for specialized retirement plan administration services among tax-exempt and government organizations. By leveraging its vendor-neutral approach and expertise in complex plan designs, the company can expand its client base and enhance service offerings to meet evolving market demands.