Standard Pension Services, A Risk Strategies Company

Originally founded in 1995, Standard Pension Services (SPS) is a third-party administrator (TPA) and consulting firm specializing in employer-sponsored retirement plans. In 2021, the company was acquired by Risk Strategies, a leading national insurance brokerage and risk management firm. Now operating as part of Risk Strategies' Employee Benefits practice, Standard Pension Services continues to offer expert services including the design, implementation, administration, and compliance for a wide range of retirement plans such as 401(k), 403(b), defined benefit, and cash balance plans. Their mission is to help plan sponsors and financial advisors navigate the complexities of retirement plan management and ensure regulatory compliance.