Terrance Power Headshot The Platinum 401K Inc

Terrance Power


President, American Pension Services, LLC
President, The Platinum 401k, Inc.
Clearwater, Florida

American Pension Services, LLC, located in Clearwater, Florida is the contracted third party retirement plan administrator for the program.

Terrance Power has been in the Retirement Plan industry since 1981, and has been involved in the installation and operation of corporate retirement plans for more than 3,000 clients during his career.

Terry is committed to the highest standards of fiduciary disclosure and operational excellence. He is also one of the most well-credentialed and well-respected individuals in the qualified plan industry today.

He is a Past President of the Florida West Coast Employee Benefits Council, a member of the Tampa Pension Council, a member of the American Society of Pension Professionals & Actuaries (ASPPA), and the Committee for the Fiduciary Standard. He is an alumnus of Canisius College in Buffalo, New York and became a Certified Financial Planner® (CFP®) in 1988.

He was named by 401wire.com as one of the Defined Contribution Industry's "300 Most Influential Individuals" for 2010 and was nominated for the recognition again for 2011.

Terry has spoken before many industry groups including the American Society of Pension Professionals and Actuaries (ASPPA), fi360, PLAN ADVISER, DCPI, The Center for Due Diligence, Wolters Kluwer, and many others. He has met with or provided testimony to senior officials at the United States Department of Labor and the U.S. Government Accountability Office on the subject of Multiple Employer Plans, and has provided formal recommendations to Congressional committees on the subject.

He has written several articles relating to qualified retirement plans during his 33 years in the industry and is frequently quoted in the media.

He is involved in the Professional Employer Organization (PEO) industry through his company's 13 year relationship with the National Association of Professional Employer Organizations (NAPEO) and his 24 years of working with multiple employer plan clients.

Terry is also the owner and moderator of several Linkedin.com groups including the 401k TPA NETWORK, which has over 5,000 active members. Terry enjoys flying and boating in his spare time. He is an FAA licensed private pilot and Instrument Ground Instructor.

He can be reached via email at tpower@ThePlatinum401k.com or by phone in Clearwater, Florida at (813) 774-3366.

"AIFA" and "Accredited Investment Fiduciary Analyst" are registered trademarks of the Center for Fiduciary Studies and fi360.com. "CLU" and "ChFC" are registered trademarks of the American College. "QPA" and "Qualified Pension Administrator" are registered trademarks of the American Society of Pension Professionals and Actuaries (ASPPA). "ERPA" and "Enrolled Retirement Plan Agent" is a certification made to a very select category of practitioners authorized by the Internal Revenue Service under U.S. Department of Treasury Circular 230 and administered by the IRS Department of Professional Responsibility. "CRPS" is a registered trademark and "Chartered Retirement Plans Specialist" is a service mark of the College for Financial Planning. "CFP" and "Certified Financial Planner" are registered trademarks of The CFP Board, Inc.

  • Email Terrance Power
  • Tel: 1-813-774-3366