Horace Mann’s New Subsidiary Will Provide Services to Nonprofit Retirement Market

Horace Mann Educators Corporation, in conjunction with recently acquired subsidiary Benefit Consultants Group (BCG), have formed a new entity that will specialize in offering expertise in tax-exempt retirement plan recordkeeping and administration.

“Horace Mann’s traditional agencies will continue to focus on the public education sector,” says Horace Mann Executive Vice President Bret Benham. “Our newly combined company will offer retirement solutions to employers in small to mid-size markets, including health care, tax-exempt, governmental and other not-for-profit organizations, as well as for-profit companies that have a community service mission. This platform will be offered through independent advisers and consultants.”

BCG offers qualified and non-qualified solutions for nonprofit/tax-exempt organizations on an open architecture platform, as well as recordkeeping and administration services, including a dedicated plan manager—a single point of contact for delivery of personalized support services to plan sponsors.