Carolyn Hawks Bates, founder and president of Pension Inc. of Iowa began her career at American Trust nearly 30 years ago in the trust department. Today, Pension Inc., with over 350 retirement plan clients throughout the country, provides unbundled third-party administrative services for over $430 million in qualified assets and more than 14,000 plan participants.
On March 31, 2014, American Trust Retirement, a division of the American Trust Financial Management Group with total assets exceeding $2.2 billion, acquired Pension Inc. of Iowa. Carolyn was pleased to keep Pension Inc. positioned with a strong Iowa-based company just little more than an hour’s drive away.
Pension Inc. will continue its commitment to provide personalized “boutique” administration services to retirement plans out of its Quad Cities location.
As an award-winning retirement-plan provider in the nation, American Trust Retirement provides clients with the cornerstones of a quality retirement plan that are typically made available to only large clients, and does so in a bundled approach that brings with it tremendous control and cost savings. These cornerstones – plan design, fiduciary oversight, investments, and cost efficiency, along with service and technology – are our highest aspirations and achievements.
With this acquisition there is great potential. The unbundled Pension Inc. service model coupled with the American Trust Retirement bundled service offers advisors and their clients the “best of the best”. Together we are committed to providing our advisors, plan sponsors and participants, and human resources professionals simply better retirement plan services.Read the full press release here