Profile & Fast Facts

Corporate Profile & History of Pension Services, Inc.

Founded: Established in South Florida in 1989, Pension Services, Inc. (PSI) was created to design, implement, and administer customized retirement plans for companies of all sizes.

Since then, PSI has grown to represent over 1,000 clients on the U.S. mainland and Puerto Rico, expanding its offerings to include audit support, compliance testing, and other essential retirement plan services.

Our Locations

PSI has offices in Miami and Orlando, serving clients across the United States and Puerto Rico.

Our Team

PSI was founded by a team of experienced professionals who saw a gap in retirement-planning services. Today, our ‘A team’ of accountants, attorneys, actuaries, and administrators offers a combined 100 years of expertise in the pension, legal, and actuarial fields.

Leadership

  • Robert Penafiel: President of PSI with over 30 years of experience in 401(k) plans, profit-sharing, defined benefit, and aggregate combination plans.
  • Jason Cao: Member of the American Society of Pension Actuaries with over 10 years of experience, specializing in custom plan designs for small businesses and professionals.

Our Services

PSI provides a comprehensive range of retirement services, including:

  • Custom plan design and installation
  • Third-party administration
  • Actuarial services
  • Compliance testing and audit support

We serve a diverse client base, from self-employed individuals to large companies with over 1,000 employees, offering services that go beyond standard third-party administration.

Our Approach

At PSI, we conduct a detailed assessment of each client’s needs before designing a retirement plan. We believe there is no one-size-fits-all solution; each company deserves a plan tailored to its unique goals and structure.

Our Philosophy

Since our founding, PSI has prioritized the quality of our work over quantity. Our motto, “Performing to a Higher Standard,” guides us daily. We measure our success by the satisfaction of our clients, knowing that when their retirement plan achieves its objectives, we have succeeded as well.