SI GROUP, a Strongpoint Partner
SI Group is a Hawaii-based third-party retirement plan administrator and consulting firm serving 875+ small business and sole proprietor retirement plans with $2.8B+ in assets under management, delivering 401(k), defined benefit, cash balance, ESOP, payroll, and HR services through 19 credentialed pension consultants.
- Company typePrivate
- Founded1985
- HeadquartersHonolulu, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What SI GROUP, a Strongpoint Partner does
SI Group is a Hawaii-based third-party administrator (TPA) and retirement consulting firm that designs, administers, and provides ongoing compliance support for tax-qualified retirement plans. Founded in 1985 as Suemori & Inouye, Inc. and rebranded to SI Group in 2010, the firm operates with 19 Hawaii-based pension consultants, administrators, and actuaries, serving small business employers, sole proprietors (dentists, lawyers, doctors), and hospitality/tourism industry employers. The firm administers 875+ plans covering $2.8B+ in assets under management and 25K+ plan participants, with average client tenure of ~9.5 years.
The firm's product surface spans 401(k) (traditional, Roth, Safe Harbor), Profit Sharing, 457, Defined Benefit, Cash Balance, and ESOP plans, plus Fiduciary 3(16) administrative services to reduce employer fiduciary liability. Adjacent offerings include payroll processing via the Strongpay platform ($3B+ processed annually), integrated time and workforce management, Mineral HR-OnDemand, benefits administration, and accrual tracking. Technology infrastructure is not proprietary to SI Group; it is provided through the May 2024 partnership with Strongpoint Partners, which also brings 375+ network consultants and $54B+ in plan assets under administration.
SI Group earns revenue through quote-based professional services fees for plan administration, compliance testing, government reporting, and ongoing consulting. Pricing is not publicly tiered, and distribution is split between direct employer engagement and B2B referral partnerships with financial advisors, recordkeepers, CPAs, and attorneys. Differentiation rests on credentialing density (CPC, QPA, QKA, ERPA, CEBS, AIFA designations), regulatory certifications (ASPPA Administration Services Certification held by fewer than 50 TPA firms nationally, annual CEFEX audit, AAA rating), and 40 years of continuous local Hawaii presence. Geographic scope is single-state (Hawaii), with no disclosed expansion beyond the islands.
SI GROUP, a Strongpoint Partner firmographics
Firmographics- Name
- SI GROUP, a Strongpoint Partner
- Legal name
- SI GROUP
- Website
- https://sigrouphawaii.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SI Group is a Hawaii-based third-party retirement plan administrator and consulting firm serving 875+ small business and sole proprietor retirement plans with $2.8B+ in assets under management, delivering 401(k), defined benefit, cash balance, ESOP, payroll, and HR services through 19 credentialed pension consultants.
- Ownership category
- akta.pro rank
SI GROUP, a Strongpoint Partner industry classification
Industry- Product category
- Retirement Plan Administration Services
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- akta.pro primary industry
- Employee Benefit & Retirement Plan Trust Services (FSAAANAC)
- akta.pro secondary industry
- Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises) (HLAEALAJ)
Keywords
Where SI GROUP, a Strongpoint Partner is headquartered
LocationHeadquarters
- HQ city
- Honolulu
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SI GROUP, a Strongpoint Partner business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Retirement Plan Administration Services: SI Group generates revenue through professional services fees for retirement plan administration, compliance testing, government reporting, and ongoing consulting. Services include 401(k), profit sharing, 457 plans, defined benefit, cash balance, and ESOP administration.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
SI GROUP, a Strongpoint Partner product offering
Product offeringCore offering
SI Group is a Hawaii-based third-party administrator (TPA) and retirement consulting firm that designs, implements, and administers tax-qualified retirement plans for small businesses, sole proprietors, and hospitality/tourism employers. Core offerings include 401(k), profit sharing, 457, defined benefit, cash balance, and ESOP plan administration, along with Fiduciary 3(16) services, compliance testing, and government reporting. The firm also provides payroll processing via the Strongpay platform, integrated with time tracking, benefits administration, and HR-on-demand services.
Product overview
SI GROUP is a retirement consulting firm and Third-Party Administrator (TPA) offering a comprehensive suite of retirement plan and payroll services. The core offerings include 401(k) Plans (traditional, Roth, and Safe Harbor variants), Profit Sharing Plans, 457 Plans, Defined Benefit and Cash Balance Plans, ESOPs, and Fiduciary 3(16) Services. Payroll services are powered by the Strongpay platform and include time and workforce management, benefits administration, and accrual tracking. These services are designed to work together as an integrated retirement and payroll solution for small to medium-sized businesses in Hawaii.
Differentiator
Problem solved
Functional benefit
Products and services
- 401(k) Plans Traditional, Roth, and Safe Harbor 401(k) plan design, administration, compliance testing, and reporting for employers in Hawaii.
- Profit Sharing Plans Employer-funded retirement plans with discretionary contributions based on company profits, including administration, compliance testing, and reporting.
- 457 Plans Tax-advantaged retirement plan administration for government and certain non-profit employees, including compliance testing and reporting.
- Defined Benefit and Cash Balance Plans Pension-style retirement plan administration that combines features of defined benefit and defined contribution plans, with guaranteed benefits and actuarial support.
- ESOP (Employee Stock Ownership Plan) Retirement plan administration that allows employees to become partial owners of the company through stock allocations, including compliance and reporting.
- Fiduciary 3(16) Services Administrative fiduciary services under ERISA Section 3(16) to reduce employer liability and administrative workload for plan sponsors.
- Payroll Processing (Strongpay) Payroll processing services powered by the Strongpay platform, including concierge service, customization, and compliance checks for Hawaii employers.
Companies that use SI GROUP, a Strongpoint Partner
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
SI GROUP, a Strongpoint Partner technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SI GROUP, a Strongpoint Partner partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Strongpoint PartnerscoreIn May 2024, SI Group partnered with Strongpoint Partners, a tech-enabled financial services platform providing third-party retirement administration, recordkeeping, and integrated payroll and HR technology solutions. As a Strongpoint Partner, SI Group gains access to national infrastructure including 375+ retirement consultants, $54B+ in plan assets under administration, and resources to meet any client challenge while maintaining local Hawaii service.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
SI GROUP, a Strongpoint Partner competitors and assessment
Company assessmentBroad incumbents
- Strongpoint Partners: SI Group's parent platform and primary partner. Strongpoint is a tech-enabled retirement administration platform with 375+ consultants, $54B+ AUA, and 32K+ plans. As both parent and a broader national platform, it is the most direct comparison point and the most important strategic counterparty for SI Group.
- Ascensus: One of the largest independent retirement and education savings TPAs in the U.S., serving small-business 401(k), 403(b), and IRA programs. Comparable to SI Group as a third-party administrator serving small/mid-market employer plans, though at far greater scale.
- ADP Retirement Services: ADP offers 401(k) plan administration alongside its dominant payroll and HR platform for SMBs. Comparable in product mix and target customer, with substantially greater scale, brand, and bundling power that competes with SI Group's integrated offering.
- Empower Retirement: One of the largest U.S. retirement plan recordkeepers and administrators, serving plans of all sizes including small/mid-market. Comparable in product scope (recordkeeping, administration, compliance) though at massive scale and with a national direct-to-employer sales motion.
- Fidelity Workplace Investing: Fidelity provides 401(k) recordkeeping and integrated administration for employers of all sizes. While much larger and broader, it competes for the same small/mid-market employer 401(k) customers and increasingly bundles TPA services.
- Charles Schwab Retirement Plan Services: Schwab offers 401(k) and other qualified plan recordkeeping and administration for small to large employers. Overlaps with SI Group's customer profile in the small/mid-market segment and represents the type of integrated national competitor applying fee pressure.
Emerging players
- TriNet: TriNet provides HR, payroll, and benefits administration to small and mid-sized businesses, including 401(k) plan access through partners. Comparable overlap with SI Group's employer customer profile and integrated HR/payroll/retirement value proposition, though retirement is not TriNet's core product.
Direct peers
- Paychex Retirement Services: Paychex bundles 401(k) recordkeeping and third-party administration with its core payroll platform, directly paralleling SI Group's retirement + payroll (Strongpay) + HR (Mineral) integrated offering for small and mid-sized employers.
- BlueStar Retirement Services: A regional TPA providing retirement plan design, administration, and compliance services to small and mid-sized employers. Closely matches SI Group's business model, plan types served, and customer profile, though operating in different geographies.
- OneAmerica Retirement Services: A retirement plan services provider offering 401(k), defined benefit, and ESOP administration for small and mid-sized employers. Closely comparable in plan-type breadth (including ESOPs, which SI Group administers) and target customer segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
SI GROUP, a Strongpoint Partner social profiles
Digital presenceSI GROUP, a Strongpoint Partner compliance and trust
Trust signalCompliance4 records
SI GROUP, a Strongpoint Partner financial estimates
Financial estimateRevenue estimate
Valuation estimate
SI GROUP, a Strongpoint Partner leadership team
Management profileNumber of profiles
Profiles5 records
SI GROUP, a Strongpoint Partner funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SI GROUP, a Strongpoint Partner M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SI GROUP, a Strongpoint Partner
What does SI GROUP, a Strongpoint Partner do?
SI Group is a Hawaii-based third-party administrator (TPA) and retirement consulting firm that designs, implements, and administers tax-qualified retirement plans for small businesses, sole proprietors, and hospitality/tourism employers. Core offerings include 401(k), profit sharing, 457, defined benefit, cash balance, and ESOP plan administration, along with Fiduciary 3(16) services, compliance testing, and government reporting. The firm also provides payroll processing via the Strongpay platform, integrated with time tracking, benefits administration, and HR-on-demand services.
Is SI GROUP, a Strongpoint Partner a public or private company?
SI GROUP, a Strongpoint Partner is a private company. It is classified as corporate owned and is currently operating.
When was SI GROUP, a Strongpoint Partner founded?
SI GROUP, a Strongpoint Partner was founded in 1985. It employs 1 to 10 people.
Where is SI GROUP, a Strongpoint Partner based?
SI GROUP, a Strongpoint Partner is headquartered in Honolulu, United States, in the North America region.
How does SI GROUP, a Strongpoint Partner make money?
One revenue line is on record: retirement Plan Administration Services.
Who are SI GROUP, a Strongpoint Partner's main competitors?
Broad incumbents on record are Strongpoint Partners, Ascensus, ADP Retirement Services, Empower Retirement, Fidelity Workplace Investing and Charles Schwab Retirement Plan Services. TriNet is listed as an emerging player. Direct peers are Paychex Retirement Services, BlueStar Retirement Services and OneAmerica Retirement Services.
Does SI GROUP, a Strongpoint Partner have an API?
No public API is recorded for SI GROUP, a Strongpoint Partner.
What industry is SI GROUP, a Strongpoint Partner in?
SI GROUP, a Strongpoint Partner's product category is Retirement Plan Administration Services. Its primary akta.pro industry code is FSAAANAC, Employee Benefit & Retirement Plan Trust Services, with a secondary code of HLAEALAJ, Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises). Its NAICS code is 524292.