What is First Actuarial?
First Actuarial Corporation (FAC), based in Grand Rapids, Michigan, brings nearly five decades of expertise to the employee benefit plan sector. The company focuses on empowering small to medium-sized businesses by facilitating the design and administration of attractive employee benefit programs. FAC's comprehensive service portfolio encompasses retirement plans, cafeteria plans, health and welfare plans, executive compensation strategies, and asset services, all aimed at helping clients achieve their long-term retirement objectives effectively.
How much funding has First Actuarial raised?
First Actuarial has raised a total of $92K across 1 funding round:
Debt
$92K
Debt (2021): $92K with participation from PPP
What's next for First Actuarial?
With the recent influx of substantial expansion capital, First Actuarial is poised for accelerated growth and strategic development. This funding is expected to fuel initiatives aimed at enhancing its service offerings, expanding its market reach, and potentially investing in technological advancements to further streamline employee benefit plan administration. The company's established track record and focus on serving the SME market position it well to leverage this investment for increased market share and operational scaling.
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