The Mobile, Alabama-based company provides daily recordkeeping and retirement plan administration services to businesses and non-profit organizations nationwide. Greg Carpenter, CEO of Employee Fiduciary, said in the announcement the firm can save participants money by charging flat fees and by recapturing mutual fund revenue-sharing payments to the plan.
“Opening a new office allows us greater flexibility for future growth. Employees are attracted to a company that presents the opportunities for growth and advancement,” said Carpenter. “Our new St. Petersburg office allows us to expand our servicing presence and helps us meet our hiring goals.”
More information about the company is at http://www.employeefiduciary.com.