Andesa Services and M Financial: Modernizing SERPs and Compliance Efforts
Andesa Services, Inc., headquartered in Allentown, Pennsylvania, has partnered with M Financial Group to modernize legacy systems for managing Supplemental Executive Retirement Plans (SERP), Deferred Benefit Obligations (DBO), and split-dollar plans. M Financial, a prominent player in financial services and distribution, seeks to address reporting gaps, automate processes, and enhance compliance capabilities within these plans.
Integration and Compliance Enhancement
M Financial has opted for Andesa's Plan Administration platform to achieve these objectives. This AI-driven platform is set to improve operational efficiency, facilitate data integration, strengthen regulatory compliance requirements, and support scalable growth. Following a successful trial, the phased implementation commenced on November 3, 2025, and aims to complete by early 2026, revolutionizing how these plans are managed.
Industry-Leading Expertise
Jeff Currie, Senior Vice President of M Financial's Corporate Solutions, emphasized the initiative's potential: "Andesa is an industry leader in recordkeeping and plan administration, renowned for its impact in advanced markets. This partnership marks the beginning of a transformational journey that will enhance our plan portfolio capabilities." This collaboration underscores Andesa's pivotal role in streamlining complex recordkeeping and administration for non-qualified deferred compensation (NQDC) plans.
Strategic Vision for Innovation
Angela Conn, Chief Client Officer at Andesa, highlighted the partnership's strategic nature: "Our collaboration with M Financial reflects a shared vision for innovation and client-centric service in advanced markets. By merging Andesa’s technology expertise with M Financial’s dedication to client success, we're establishing a foundation of scalable excellence in advanced market administration." This alliance sets a new standard in digital transformation and operational excellence within the life insurance and annuity industry.
Advanced Market Solutions
Andesa Services is renowned for providing comprehensive market solutions, including policy transaction management and NQDC recordkeeping. Their offerings streamline the administration of intricate insurance and annuity products like Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), Indexed Corporate-Owned Life Insurance (ICOLI), and Private Placement. Focusing on security, reliability, and market expertise, Andesa empowers carriers and brokers to confidently navigate and thrive in high-value markets.
For more on Andesa Services, visit www.AndesaServices.com.