Press release from Business Wire
Insperity Retirement Services Tops $2 Billion in 401(k) Plan Assets
Tuesday, April 09, 2013
Insperity Retirement Services Tops $2 Billion in 401(k) Plan Assets08:30 EDT Tuesday, April 09, 2013
HOUSTON (Business Wire) -- Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America's best businesses, today announced that 401(k) plan assets record-kept and administered by InsperityTM Retirement Services now exceed $2 billion. The milestone, reached April 1, represents a 37 percent increase in plan assets since January 2012 and a 10 percent gain in the number of plan participants, now over 67,000, during the same period.
“This milestone reflects Insperity Retirement Services' status as one of the top 401(k) providers and is a testament to the services and products we offer our clients,” said Richard G. Rawson, Insperity President. “Businesses that choose Insperity Retirement Services are making a smart financial decision that best serves the company and its employees.”
Insperity Retirement Services provides comprehensive 401(k) services, including daily valuation recordkeeping, online access to participant accounts and plan-sponsor reporting, annual testing and assistance with regulatory changes. Insperity's recently enhanced online Retirement Service CenterSM has experienced a 32 percent increase in use by plan participants since last year's rollout, while a free mobile app launched in January provides users with quick, secure access to an array of 401(k) account information.
About Insperity Retirement Services
Insperity Retirement Services delivers comprehensive 401(k) plan recordkeeping and administration services to thousands of small and medium-sized businesses, representing more than $2 billion in 401(k) plan assets. These full-service offerings minimize the burden of daily administration and compliance, assist employees in achieving their financial goals and help businesses attract and retain top talent.
Insperity, a trusted advisor to America's best businesses for more than 27 years, provides an array of human resources and business solutions designed to help improve business performance. InsperityTM Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce OptimizationTM solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial Services, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2012 revenues of $2.2 billion, Insperity operates in 57 offices throughout the United States. For more information, visit http://www.insperity.com.
Investor Relations Contact:
Douglas S. Sharp, 281-348-3232
Senior Vice President of Finance,
Chief Financial Officer and Treasurer
News Media Contact:
Jason Cutbirth, 281-312-3085
Senior Vice President of Marketing