Security Administrators, Inc.

Security Administrators, Inc. (SAI), is a subsidiary of Security Mutual Life Insurance Company of New York, with offices located in Binghamton and Syracuse, New York. It was established in 1984 to provide third-party actuarial and administrative services to small- and medium-sized companies who sponsor "qualified" pension and profit sharing plans.

Many of the plans serviced by SAI are sponsored by employers who invest their qualified plan assets in policies or funds offered by Security Mutual. However, SAI is also available to service plan sponsors who have chosen to invest their assets outside of SAI’s parent company.

SAI is staffed by experienced professionals who are trained to assist plan sponsors in the operation of their qualified plans at a very reasonable cost. SAI’s knowledgeable employees, equipped with state-of-the-art computer facilities, deliver quality services on time and at an affordable cost.

The full range of qualified plan services available include:

  • Plan Design
  • Plan Implementation (Prototypes or Individual Documents are available)
  • Preparation of Summary Plan Description
  • Actuarial Valuation and Certification for Defined Benefit Plans
  • Coverage and Participation Testing
  • Employer and Employee Recordkeeping for Defined Contribution Pension and Profit Sharing Plans
  • Calculation of Distributions for Terminated or Retired Participants
  • Section 415 Calculations
  • Top Heavy Testing
  • Non-Discrimination Testing
  • Plan Termination

If you currently have a retirement program or if you are considering a new plan, give us a call at
(607) 771-1180 or e-mail us.

At SAI, quality service is our only product. Visit our Web site

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