Altigro earns its prestigious CEFEX Certification Bookmark

CEFEX®, Centre for Fiduciary Excellence, LLC, has certified Altigro Pension Services, Inc. as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers.  Altigro joins an elite group of firms who have successfully completed the independent certification process for service providers.

The ASPPA Standard of Practice describes how a service provider of any size or type can help plan sponsors fulfill their fiduciary obligations. CEFEX® uses 2 classifications: 1) in-house recordkeeping services and 2) administration services (i.e. third party administration). The Standard includes best practices for governance, organization, human resources, operations, planning, systems, and disclosure, as defined by a cross-industry task force established in 2007. The Standard is modeled after the “Prudent Practices for Investment Stewards” published by fi360 Inc. of Pittsburgh, PA.

Altigro provides third party administration services. According to the Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, “The CEFEX® certification provides assurance to fiduciaries and their stakeholders that Altigro has demonstrated adherence to the best practices in the TPA industry. The successful completion of the independent assessment is an extraordinary indication of a firm’s accountability to its clients.” 

The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. Altigro is registered at http://www.CEFEX®.org/registeredCompanies.aspx where its certificate can also be viewed. A summary of the Standard can be viewed by clicking on the certificate.

For information on the certification program and CEFEX® please go to www.CEFEX®.org, where a full copy of the Standard of Practice is available.

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