ABG Plan Sponsor of the Year

Petoskey Plastics was named the Alliance Benefits Group (ABG) 2020 Overall Plan Sponsor of the Year Winner.

We were nominated for the award by Sentinel Benefits & Financial Group, our benefits administration service provider. Petoskey Plastics’ mission is to earn the appreciation and respect of its customers, associates, and communities. This is who we are as a company. We are very proud to be able to offer great benefits to our associates, which includes a robust 401K plan for their future retirement. It is a great honor to receive this special award.

We have many great benefits, bonuses, and programs for our associates to take advantage of. You can learn more on our associate benefits page.

About this year’s awards, ABG National’s President, Don Mackanos, said, “This past year has been a difficult one for all of us. With so much negative press in 2020, it is a nice change to hear of positive news. Focusing on progress and benefiting our participant base is refreshing to hear about. It was fitting that during 2020 the winning sponsors completely changed their business model to adapt to our new normal due to the pandemic. They still found the time to improve their 401(k) plan to benefit their employees.” The full press release can be viewed here.

Per the ABG website:

“Alliance Benefit Group, LLC (ABG ) is a national network of independently owned retirement plan consulting, investment advisory, health and welfare consulting, and benefits administration firms that operate as ‘Licensees’ of Alliance Benefit Group, LLC.

“Collectively; ABG is one of the largest retirement plan service providers in the country; providing administration, recordkeeping and consulting services to over 20,000 plans representing more than 1.7 million plan participants with $86 billion in assets.

“Recognized for the highest quality consulting and administration services, our growing network operating under the ABG “brand” is well positioned to provide customized benefits administration, investment consulting, health and welfare consulting, and employee communication services to employers on a national level that is serviced locally.”

Thank you to our Human Resources team, our Compensations and Benefits Committee, Sentinel Benefits & Financial Group, ABG, and all involved for helping us provide our associates with great benefits!