PlanMember Ranks in Top 10 in PlanSponsor’s 2014 Buyer’s Guide

PlanMember Services Corporation, the California-based provider of 403(b), 457(b), and 401(k) plans, ranks fourth among national 403(b) providers in the number of new plans added in 2013 and seventh in the total number of plans in the K-12 market. Its fourth-place ranking was six plans short of the second-place ranking behind Great West, Security Benefit, and Principal Financial Group. With the addition of PlanMember’s national marketing alliance with AXA, allowing PlanMember to offer its 403(b) platform through AXA’s K-12 payslots, the two company’s combined footprint ranks as number two behind ING/Voya. These are the results of PlanSponsor Magazine’s 2014 annual 403(b) Buyer’s Guide published in October 2014 for data collected from the 2013 calendar year.

PlanMember attributes its growth in the employer group marketplace to its Financial Center business model, which co-brands PlanMember’s national identity with established independent regional Financial Centers and their advisors across the country, as well as its unique, best-in-class 403(b) model plan solution for governmental plans. With $7 billion in assets, PlanMember has established 27 successful Financial Centers in 16 states, with a goal of expanding to 80 nationally.

“We are proud to have PlanMember Services recognized in PlanSponsor’s 403(b) Buyers Guide in the top 10 rankings for both new 403(b) plan growth and total K-12 plans,” said Jon Ziehl, CEO and founder. “This recognition puts us in a very formidable class of large investment providers. Our rapid growth provides PlanMember’s advisors with access to new markets to help them achieve their business goals and objectives.”

PlanMember is a nationally recognized broker/dealer, investment advisor, and member of FINRA/SIPC. An industry-leading broker/dealer for retirement planning in the public education and non-profit sectors for over two decades, PlanMember delivers personalized retirement planning services and a broad selection of investment and annuity solutions. The company is headquartered in Carpinteria, California.