Donovan to remain as Senior Advisor
Tucson, AZ – November 29, 2022 – Pinnacle Plan Design LLC, a national provider of qualified retirement plan design, administration, and actuarial consulting services, announces that Amanda Iverson, CPA, MBA, PHR, SHRM-CP, APM will succeed Kevin Donovan, CPA, EA, FSEA, FCA as Managing Partner, effective January 1, 2023 as part of the firm’s formal succession plan. Iverson, Pinnacle’s long-time COO, is the second Managing Partner named in the 22-year history of the firm. Donovan, Pinnacle’s founder and a nationally-renowned pension actuary and industry thought leader, will retain a leadership role as Senior Advisor and member of the executive committee, where he will maintain his client service, actuarial consulting and industry speaking responsibilities.
“I cannot think of a better person than Amanda to step into the role of Managing Partner at Pinnacle,” said Donovan. “I am extremely confident in her abilities to keep the focus on the continued growth and success of our firm. Beyond her contributions at Pinnacle, she is a true force in our profession and I’m proud to see her continue Pinnacle’s legacy being on the leading edge. She has the full support of our team and clients.”
Iverson’s leadership as a partner and the firm’s Chief Operating Officer has been a critical part of the company’s success. As a Certified Public Accountant (CPA), Professional in Human Resources (PHR), and Associated Professional Member (APM), her focus on the firm’s operations has been instrumental in the company’s growth, efficiency, service model, and highly-regarded firm culture. In addition to her accomplishments at and contributions to Pinnacle, Iverson is the Vice President of the American Society of Pension Professionals and Actuaries (ASPPA), the industry’s premier national organization for retirement plan professionals.
“I’m honored to be selected to lead our firm into the future and very grateful for Kevin and all his teaching, expertise, and guidance, which have been instrumental in my growth,” said Iverson. “In addition to being an important mentor and teacher, he has also become a cherished friend in my life. I’m excited he will soon be able to spend a bit more time with his family, while still being able to keep his actuarial expertise active at Pinnacle.”
Under the leadership of Donovan, Iverson, and their business partners Lynn Young, EA, FSEA and Stephanie Terry, CPA, QPA, QKA, Pinnacle has become one of the nation’s leading retirement plan design, third-party administration, and actuarial consulting firms. “I’m also thankful to have two extraordinarily strong partners, Stephanie, and Lynn, by my side as we make this transition,” Iverson added. “Both have the experience and expertise to ensure our technical teams, clients, and partners are very well taken care of for many years to come. Furthermore, we have a robust senior management team and entire crew made up of talented, intelligent individuals and experts who are passionate about our clients and the private retirement system. The future is looking bright,” said Iverson.
Young joined the leadership team just over a decade ago, is a past-president of the American Society of Enrolled Actuaries (ASEA), as well as a co-author of the Defined Benefit Answer Book along with Donovan. Of Young, Donovan said “She is every bit as well-versed as I am. Pinnacle’s defined benefit plan practice is in very good hands.”
Terry has been with Pinnacle for nearly two decades and has authored multiple industry publications. She serves on the board of an industry organization and her technical expertise makes her a sought-after guide to the Pinnacle team, clients, and partners. Donovan added “Stephanie has done a wonderful job applying the Pinnacle touch to our 401(k) practice over the years.”
The leadership team has led Pinnacle to receive a CEFEX-ASPPA certification, which signifies the firm’s commitment to adhere to a standard of excellence and a dedication to administration best practices.
More About Kevin Donovan and Pinnacle Plan Design, LLC
Pinnacle Plan Design, LLC was founded in 2001 by Kevin Donovan, whose contributions to the retirement plan industry have revolutionized the actuarial field. He is well-known in the retirement plan industry for being a staple on the national conference speaking circuit, having received the 2019 Edward E. Burrows Distinguished Achievement Award from ASEA, as well as the 2015 Educator’s Award from ASPPA. Donovan’s work in the cash balance plan arena has contributed toward the overall growth and advancement of the industry.
Pinnacle is a national provider of qualified retirement plan consulting, design, administration, and actuarial services. The firm collaborates with employers, accountants, financial advisors, and other third-party administrators to offer traditional defined benefit, cash balance, 401(k), and profit-sharing plans. Pinnacle’s leadership and professional staff have earned numerous industry certifications and designations including: Certified Public Accountants (CPA), Enrolled Actuaries (EA), Members and Fellows of the Society of Enrolled Actuaries (MSEA/FSEA), Enrolled Retirement Plan Agents (ERPA), Qualified Pension Administrators (QPA), and Qualified 401(k) Administrators (QKA). Pinnacle Plan Design is headquartered in Tucson, AZ and serves businesses nationwide. For more information, visit pinnacle-plan.com.