American Benefit Plan Administrators, Inc. (ABPA), founded in 1951, is one of the oldest third party administration (TPA) firms in the US, mainly serving clients in the Taft-Hartley industry, pension plans and voluntary employee benefit associations (VEBA).
ABPA has been operating its services through a network of service centers located throughout the US. The company is based in Las Vegas, Nevada.
Prior to 2001, ABPA was publicly traded as part of PlanVista Corporation (Nasdaq: PVST). On June 18, 2001 ABPA went private when it was acquired by Sun Capital Partners, a private equity firm, through its affiliate HealthPlan Holdings, Inc.
After its acquisition by Sun Capital, ABPA's growth strategy has been based mostly on growth through acquisitions. As part of this strategy ABPA has acquired Administrative Services, Inc. of Atlanta, Georgia; OBA Midwest of Burr Ridge, Illinois; and Associated Administrators Inc. of Portland, Oregon.
Famous quotes containing the words american, benefit and/or plan:
“Gowns, and pecuniary foundations, though of towns of gold, can never countervail the least sentence or syllable of wit. Forget this, and our American colleges will recede in their public importance, whilst they grow richer every year.”
—Ralph Waldo Emerson (1803–1882)
“But is an enemy so execrable that tho in captivity his wishes and comforts are to be disregarded and even crossed? I think not. It is for the benefit of mankind to mitigate the horrors of war as much as possible.”
—Thomas Jefferson (1743–1826)
“I have never yet seen any plan which has not been mended by the observations of those who were much inferior in understanding to the person who took the lead in the business.”
—Edmund Burke (1729–1797)