Chico Company acquires Stockton pension firm; APC becomes one of the largest pension firms in the West.STOCKTON Stockton, city (1990 pop. 210,943), seat of San Joaquin co., central Calif., on the San Joaquin River; inc. 1850. One of the fastest-growing U.S. cities during the late 20th cent., Stockton is an inland seaport located at the head of the San Joaquin delta. , Calif.--(BUSINESS WIRE)--Aug. 7, 1995--Associated Pension Consultants (APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ), a retirement plan consulting and administration firm with offices in Chico Chico (chē`kō), city (1990 pop. 40,079), Butte co., N Calif., in a region noted for its almond and walnut production; inc. 1872. Olives, kiwi fruit, grain, and nursery stock are also grown, and cattle are raised. and Sacramento, today announced that it has acquired Executive Services in Stockton. The transaction, which adds over 430 plans to its business, makes APC one of the largest pension firms in the West with over 3,200 retirement plans under administration. The announcement was made jointly by Richard J. Collins, President of APC, and Dan Ochsner, President of Executive Services. Ochsner will join APC's team of consultants, and will continue to serve the firm's Stockton area clients from his local office. "We are very pleased to join forces with Dan Ochsner, and offer APC's traditional brand of high caliber service to retirement plan clients in the Stockton and Central Valley area," said Collins. "Our new clients in Stockton will continue to benefit from Dan's personal service and expertise. Now Dan will be backed by our team of over 50 qualified pension professionals who are dedicated to personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. , accurate and timely service," Collins said. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ochsner, the new affiliation with APC was, in part, intended to insure Insure can mean:
service - work done by one person or group that benefits another; "budget separately for goods and services" to his existing clients, ensuring that their plans deliver the maximum retirement benefits possible, he said. Ochsner will also now have the opportunity to develop new plan business in the Stockton area. Executive Services was founded in 1972. Ochsner, who was one of the firm's original employees, acquired Executive Services in 1978. APC specializes in the design and administration of tax deferred retirement plans including 401(K)'s, defined benefit plans Defined benefit plan A pension plan obliging the sponsor to make specified dollar payments to qualifying employees at retirement. The pension obligations are effectively the debt obligation of the plan sponsor. Related: Defined contribution plan , Employee Stock Option Plans and other retirement plans for businesses and professionals. The company administers pension plans in size ranging from a single employee/participant to over 1,000 employee/participants. Qualified retirement plans offer tax and other benefits to both business owners and company employees. APC, which was founded in 1974, has seen rapid growth in recent years. Starting with a handful of clients, the company now serves over 3,200 clients in several western and east coast states. Collins says that Associated Pension Consultants will remain headquartered in Chico with satellite offices in Sacramento and Stockton. CONTACT: Associated Pension Consultants (Chico) Mark W. Peterson, 916/343-4233 |
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