What is Bates?
Bates & Company, headquartered in Orlando, Florida, is a distinguished provider of Retirement Plan Administration services. With a legacy spanning over 120 years of combined experience, the firm specializes in crafting and managing bespoke retirement programs for businesses. Their core clientele includes medical professionals, legal practitioners, accountants, and small to mid-sized enterprises, particularly within the Central Florida region. Bates is committed to fostering enduring client relationships through dedicated account management for companies offering 401(k) or Profit Sharing Plans to 250 or fewer employees.
How much funding has Bates raised?
Bates has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Bates?
The substantial capital infusion, indicated by the $150K in total funding and the recent $150K strategic investment, positions Bates for continued growth and operational enhancement. This late-stage funding suggests a focus on scaling existing services, potentially expanding its geographic reach beyond Florida, or investing in technological advancements to further streamline retirement plan administration. The company's deep experience and established client base provide a solid foundation for leveraging this new capital to solidify its market leadership.
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