National Investment Managers Inc. (OTCBB: NIVM), a nationally-based and regionally-operated retirement plan administration and investment management company, with over 10,000 qualified retirement plans and approximately $10 billion of assets under administration, recently announced that eighteen members of the company passed the Enrolled Retirement Plan Agent ("ERPA") exam. The designation allows the recipient to practice and represent clients before the Internal Revenue Service on certain retirement plan issues.
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The total number of ERPAs on staff with NIVM's Third Party Administrators ("TPAs") is now 26, which furthers the company's objective of creating a comprehensive network of firms with best-in-class actuarial, consulting, and retirement plan expertise. The ERPA results enhance NIVM's already substantial network of experts that includes 12 Enrolled Actuaries, 10 Attorneys, and numerous associates who carry one or more of the following designations: Certified Public Accountant (CPA), Certified Pension Consultant (CPC), Qualified Pension Administrator (QPA), and Qualified 401(k) Administrator (QKA). John Davis, President and Chief Operating Officer of NIVM, said, "The retirement plan industry is highly regulated with ERISA, the Internal Revenue Code, and DOL and IRS regulations. We are striving to build an unmatched network of experts within our TPA practice, offering the best in retirement plan design, consulting and administration. Plan sponsors can have the utmost confidence in our TPAs, as our firms possess the knowledge and talent necessary to help them navigate through all of the complicated and rapidly changing regulatory requirements. Congratulations to all those that passed the ERPA exam and thank you for helping NIVM further its goals."
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