Florida Tech Earns National Nod for its Retirement Plan

MELBOURNE, FLA.— PLANSPONSOR, the nation’s leading retirement plan resource, recently recognized Florida Institute of Technology as a 2010 finalist in the annual Plan Sponsor of the Year awards. Florida Tech was honored in the non-profit/403(b) category.

On an annual basis, the editors of PLANSPONSOR magazine identify individuals or institutions/employers that demonstrate leadership in providing a more secure retirement for workers. According to Nevin E. Adams, Editor-in-Chief of PLANSPONSOR, “Each of the finalists has distinguished itself in unique and quantifiable ways, and with demonstrable results during this especially critical period. We are pleased once again to be able to acknowledge a true diversity of contributions and leadership by organizations that are seriously committed to helping workers retire with dignity.”

“We are proud of the 403(b) plan that we are able to provide to Florida Tech employees,” said Jack Armul, vice president for financial affairs. PLANSPONSOR particularly acknowledged Armul for his willingness to advise peer institutions on evolving IRS regulations related to 403(b) retirement plans.

“Our staff, led by our Human Resources Department, has worked diligently to ensure that Florida Tech employees have the information they need to make appropriate personal decisions concerning their futures, backed by a secure retirement plan that will meet their needs,” Armul said.


About Florida Institute of Technology

Founded at the dawn of the Space Race half a century ago, Florida Tech is the only independent, technological university in the Southeast. With more than 8,000 students enrolled on main campus, extended campuses and online, Florida Tech has been named a Barron’s Guide “Best Buy” in College Education, ranked among America’s Best National Universities by U.S. News & World Report, and ranked in 2009 as one of the nation’s top 18 engineering technical institutes by the Fiske Guide to Colleges. The university offers undergraduate, graduate and doctoral programs. Fields of study include science, engineering, aeronautics, business, humanities, mathematics, psychology, communication and education. Additional information is available online at www.fit.edu.



PLANSPONSOR magazine, an Asset International publication, is the nation’s leading authority on retirement issues and benefits programs. Along with its sister publication PLANADVISER, PLANSPONSOR.com provides comprehensive news and commerce services dedicated solely to helping employers and financial advisers navigate the complex world of retirement plans and benefit programs on behalf of their employees or clients. For more information, see www.plansponsor.com.

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