American Benefit Plan Administrators Explained

American Benefit Plan Administrators, Inc. (ABPA), founded in 1951,^[1] was one of the oldest third-party administrator (TPA) firms in the US, managing funds created under provisions of the Taft-Hartley Act, pension plans, and voluntary employees' beneficiary associations (VEBAs). The company was based in Spring Valley, Nevada.^[2]

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.^{[3] [4]}

After its acquisition by Sun Capital, ABPA's growth strategy was based mostly on growth through acquisitions.^[5] In 2003 ABPA acquired Administrative Services, Inc. of Atlanta, Georgia; OBA Midwest of Burr Ridge, Illinois; and Associated Administrators Inc. of Portland, Oregon.^[6]

In 2001, HealthPlan Holdings purchased Zenith Administrators, Inc. and merged it with its American Benefit Plan Administrators division,^[7] forming Zenith American Solutions.^[8]

External links

• ABPA, Inc.
• Sun Capital Partners, Inc. Website
• HealthPlan Holdings, Inc.

Notes and References

1. https://secure.abpa.com/page.php?p=home/index.php&ac=about About ABPA
2. http://www.jigsaw.com/id449056/associated_administrators_inc_american_benefit_plan_administrators_company.xhtml American Benefit Plan Administrators Company Information and Contacts
3. Web site: Company Overview of American Benefit Plan Administrators, Inc. . . January 14, 2018.
4. https://archive.today/20120714163424/http://sec.edgar-online.com/2001/08/15/0001021408-01-505382/Section7.asp PlanVista Corp. Quarterly Report.
5. American Benefit Plan Administrators Acquires the Taft Hartley Trust Fund Assets of Associated Administrators, Inc. . . August 23, 2005 . January 14, 2018 . . HealthPlan Services.
6. Web site: https://web.archive.org/web/20061118092223/http://www.suncappart.com/index.php?page=pressreleases&press=40 . HealthPlan Holdings, Inc., acquires Miami-based TPA, Administrative Services, Inc. . November 18, 2006 . March 19, 2003.
7. HealthPlan Holdings, Inc. Acquires Zenith Administrators . August 22, 2011 . HealthPlan Holdings . . January 14, 2018.
8. Web site: Welcome to Zenith American Solutions (formerly ABPA) . Zenith American Solutions . January 14, 2018.