Spectrum CEO to Testify Before Senate HELP Committee | national

TACOMA, Wash., March 22, 2022 (GLOBE NEWSWIRE) — Spectrum Pension Consultants, Inc. (“Spectrum”) today announced that its Managing Director and Chief Executive Officer, Petros Koumantaros (“Petros”), will testify before a US Senate Committee on Health, Education, Labor and Pensions (the “Committee”) hearing in favor of retirement security. The Committee hearing, scheduled for Tuesday, March 29, 2022, will examine public policies aimed at improving retirement security in America.

Petros joined Spectrum, the company founded by Petros’ father, over 16 years ago. Petros consults with employers on the administration, compliance, documentation and recordkeeping of 401(k) and other employer-sponsored retirement plans. Petros is co-founder and president of GROUPIRA, a fintech company that empowers people to better invest in individual retirement accounts and empowers investment advisors to grow their individual retirement account businesses. Petros also acts as a financial consultant and runs the Seattle-area branch of Intelligents Investment Solutions, Inc. (“intelligents”), an SEC-registered investment adviser with over $5 billion in assets under management. Petros is a principal and shareholder of seven closely held financial services and pension consulting, administration and technology companies. Collectively, these companies work with 2,200 pension plans, representing $9.2 billion in pension plan assets, and support more than 97,000 pension plan members. Petros holds a BA from the University of Washington and an MBA from Arizona State University.

“I thank Chair Patty Murray, Ranking Member Richard Burr and all of the committee members for inviting me to testify. I look forward to sharing thoughts and perspectives on how best to preserve, protect, and enhance retirement security in the United States so that everyone can save for a dignified financial future,” said Petros.

As an expert in pension plan design, administration, compliance and investment advice, Petros will discuss three areas of improvement for defined contribution pension plans during the Committee hearing:

the impact of the COVID-19 pandemic on defined contribution plans and the need for participants to have access to emergency savings; the need for workplace financial planning and increased financial education; and views on how best to expand the coverage of defined contribution pension plans.

More information on the Committee, GROUPIRA, intelligentnts and Spectrum is available on: http://help.senate.gov, http://GROUPIRA.com, http://intelligents.comand http://spectrumpension.com.

Contacts: Yannis P. Koumantaros [email protected] 6402 19th Street West Tacoma, WA 98466 Phone: +1-253-565-2100

Amanda Arends [email protected] 100 N Broadway Ave Albert Lea, MN 56007 Tel. : +1-507-373-1746

Copyright 2022 GlobeNewswire, Inc.

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