Keenan Announces Acquisition of Envoy Plan Services and Retirement Solutions Group; Robert Hornaday Joins Keenan in Goal to Expand Retirement & Employee Benefit Services.Business Editors/Health/Medical Writers TORRANCE, Calif.--(BUSINESS WIRE)--April 21, 2004 Keenan, the largest privately held brokerage firm in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , today announced it has expanded its retirement services capabilities with the acquisition of Envoy envoy: see diplomatic service. Envoy - Motorola's integrated personal wireless communicator. Envoy is a personal digital assistant which incorporates two-way wireless and wireline communication. Plan Services, a third-party administrator and compliance firm focused on 403(b) and 457(b) plans, and its affiliated company, Retirement Solutions Group, which focuses on comprehensive retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. products and services. Sean Smith Sean Smith may refer to one of the following:
Spearheading the newly acquired firm for Keenan is Envoy Plan Services and Retirement Solutions Group founder and president Robert Hornaday. He will work closely and coordinate his efforts with Keenan's Retirement Planning department head, Steve Gedestad. Commenting on this announcement, Robert Hornaday says: "Our organization has enjoyed building close relationships with, and providing quality services to, our school district clients. The alignment with Keenan is a great opportunity to grow and expand the clients we serve in California, in addition to complementing the services Keenan can offer to the 800-plus school district clients they have long standing relationships with in the state." He adds: "We are excited about our merger with Keenan. This alliance will allow us to more rapidly grow and expand the quality services we deliver to our clients." Steve Gedestad, executive vice president of Keenan, says: "We are excited to have Bob at the helm of the newly acquired companies. His ceaseless vision and passion will fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. Keenan's growth strategy in the retirement services marketplace. With Envoy in place, school district administrators are freed from the tireless work of the day-to-day administration of their 403(b) and 457(b) programs." A 457(b) plan is similar to a 403(b) in that it allows employees to defer de·fer 1 v. de·ferred, de·fer·ring, de·fers v.tr. 1. To put off; postpone. 2. To postpone the induction of (one eligible for the military draft). v.intr. income on a pre-tax basis, which grows on a tax-deferred basis till retirement. The new 457(b) plan is now included in the compliance initiative that school districts are undertaking to ensure that they are complying with IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. rules for 403(b) & 457(b) plans. About Keenan Founded in 1972, Keenan is the 24th largest insurance brokerage firm in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and the largest independent broker in California. Keenan is dedicated to providing superior insurance products and services to schools, community colleges, municipalities, and healthcare organizations that include employee benefits, third-party claims administration, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , integrated disability, risk management, and property and liability. Keenan has a network of offices located throughout California and a staff of more than 550 insurance specialists. For more information, call 1-800-654-8102, 1-310-212-3344 or email info@keenanassoc.com. Visit our web site at http://www.keenanassoc.com. |
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