Sentinel Benefits Group, Inc. Reaches Agreement with Benefit Concepts.WAKEFIELD, Mass. -- Sentinel Benefits Group, Inc. and Benefit Concepts, Inc. of Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. announced today that they have completed a transaction whereby the retirement administration division of Benefit Concepts, Inc. has been transferred to Sentinel Benefits Group, Inc. "Benefit Concepts has an impeccable im·pec·ca·ble adj. 1. Having no flaws; perfect. See Synonyms at perfect. 2. Incapable of sin or wrongdoing. [Latin impecc reputation and we are very excited about the opportunities this agreement gives us. This transaction marks a significant step in our strategy to expand into a new geographic market," said John Carnevale, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Sentinel Benefits Group, Inc. "This newly-transferred business is an excellent strategic fit for our operations and will allow us to increase scale, broaden distribution and have a positive financial impact on our existing retirement administration business." Benefit Concepts believes its clients will be very pleased with their new retirement plan administrator. "We chose Sentinel Benefits Group because it possesses many of the same service-oriented business values and philosophies we do," said Jay Hoder, owner of Benefit Concepts, Inc. "Sentinel is a perfect match for our clients, and we expect a seamless transition. At the same time, this transaction will allow us to focus our resources entirely on providing health and welfare administration services, which represents the largest percentage of our current business mix." About Sentinel Benefits Since its inception in 1987, Sentinel Benefits Group, Inc. has been dedicated to offering comprehensive, professional, and innovative employee benefit services to growing businesses throughout 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. . Sentinel Benefits currently serves more than 2,500 clients nationwide and is located in Wakefield, Mass. About Benefit Concepts Over the past two decades, Benefit Concepts has forged a national reputation as a leading provider of employee benefit administration services such as open and ongoing enrollment, COBRA cobra, name for African and Asian snakes of the family Elapidae that are equipped with inflatable neck hoods. The family also includes the African mambas, the Asian kraits, the New World coral snakes and a large number of Australian snakes. compliance and FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) administration. Benefit Concepts also offers AvantServe, a dynamic self-service system featuring both Web and Interactive Voice Response technology. Based in East Providence East Providence, city (1990 pop. 50,380), Providence co., E R.I., on the Providence and Seekonk rivers; inc. as a city 1958. It has a petrochemical production facility and is a wholesale and distribution center for petroleum products in the S New England area. , RI, Benefit Concepts employs 170 and provides benefit-outsourcing services to over 750 clients nationwide. |
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