McCamish and Magner Join Forces in Non-Qualified Services

August 2, 2005 ( - McCamish Systems, LLC announced an agreement with Magner.Network, LLC to combine their non-qualified retirement businesses.

According to a company press release, the merging of the Retirement Services Division of Magner with McCamish should be completed by mid-August.

Magner’s sales services which includes plan design, training, financial forecasting, and document creation will be combined with McCamish’s non-qualified recordkeeping platform and insurance product administration services, according to the news release.

The news release lists highlights of the new service offering, including:

  • Online Marketing and Sales Support
  • Prospect Qualification
  • Plan Design Services
  • Financial Analysis
  • Online Sales Enabling Services
  • Plan Administration
  • Integrated Policy Administration Services for Insurance Funded Plans
  • Call Center
  • Online Sponsor, Participant, and Enrollment Sites
  • World Class Physical and Technical Infrastructure
  • SAS 70 Reporting

Combined, the companies will be servicing more than 14 institutional distributors, 525 plan sponsors, and 40,000 plan participants.   Richard Magner has been appointed Principal of McCamish Systems.

Magner.Network, LLC offers sales support and administrative services to the financial services industry.   After the Retirement Services Division combines with McCamish, the company will still provide services in the Donor Advised Fund, Charitable Gift Annuity, and disability income markets.

McCamish Systems, LLC provides outsourcing services to the life insurance industry and and non-qualified plan administration services to the financial services and retirement services industry.   More information can be found at .