Working for Your Benefit ...
I.E. Shaffer & Co. is a professional third-party administrator of employee benefit plans established in 1957. Throughout our history, we have specialized in providing administrative and consulting services to multi-employer ("Taft-Hartley") plans including:
- - Health and Welfare Plans
- - Defined Benefit Pension Plans
- - Defined Contribution/401(k)/Profit Sharing Plans
- - Vacation Plans
- - Apprenticeship Training Programs
- - Industry Advancement Programs
- - Collection of Working Assessment/Dues/PAC Funds
Our staff is comprised of 52 members working at offices located in West Trenton, NJ with our own on-site computer facility. Administrative services are currently provided for over 80 benefit plans located in New Jersey, New York and Pennsylvania with total assets in excess of $3.0 billion. We are a licensed TPA in the State of New Jersey and on an annual basis our systems, procedures and internal controls are verified through a SSAE 16 Type II examination.
The roots of our firm trace back to 1953 when Irving E. "Bud" Shaffer began his career as the salaried administrator of the New Jersey IBEW Welfare Fund. The 1950's represented the infancy of employee benefit plans and he was soon asked to separately administer several other welfare and pension funds. He established I. E. Shaffer & Co. in 1957 and became one of the original "Taft-Hartley" plan administrators in the United States. Today, the firm remains family owned and managed by Bud Shaffer's sons - Glenn D. Shaffer, CEBS (President), Irving Scott Shaffer, CEBS (Secretary/Treasurer) and William Jeffrey Shaffer, CEBS (Senior Vice President), along with Jon D. Levine, CEBS (Vice President) and Carl Bellina, CPA (Controller).