ALLENTOWN, Pennsylvania — February 13, 2026
Executive Summary
Andesa Services, Inc. has entered into a formal agreement with M Financial Group to modernize legacy systems supporting in-force nonqualified deferred compensation and advanced market benefit structures, including SERP, DBO, and split-dollar plans. The agreement centers on implementation of Andesa’s Plan Administration platform to improve reporting transparency, automate workflows, strengthen compliance capabilities, and streamline onboarding across M Financial’s existing portfolio. Following a successful trial period, a phased implementation began on November 3, 2025, with full completion expected in early 2026. The initiative reflects a broader push toward digital modernization in advanced markets, where operational complexity, regulatory oversight, and data integration demands continue to increase.
Announcement Overview
Andesa Services, Inc., a technology provider focused on policy and plan administration within the life insurance and annuity industry, has signed an agreement with M Financial Group to modernize administrative infrastructure supporting advanced market benefit plans. The engagement covers in-force Supplemental Executive Retirement Plans (SERP), Defined Benefit Only (DBO) plans, and split-dollar arrangements managed within M Financial’s Corporate Solutions portfolio.
Leadership at M Financial identified the need to address reporting limitations, reduce manual operational friction, enhance compliance oversight, and introduce greater automation across its advanced markets administration. According to the companies, the selection of Andesa followed a structured evaluation and trial period during which platform capabilities were assessed against existing operational requirements.
The implementation commenced in a phased approach beginning November 3, 2025. Completion is anticipated in early 2026, aligning system migration, integration, and workflow transition across affected plan structures.
The agreement positions Andesa’s Plan Administration platform as the foundational infrastructure supporting modernization of M Financial’s advanced markets recordkeeping and administrative operations.
Key Announcement Details
- Announcement Type: Technology modernization agreement
- Agreement Status: Signed
- Agreement Parties: Andesa Services, Inc.; M Financial Group
- Headquarters (Andesa): Allentown, Pennsylvania, United States
- Headquarters (M Financial Group): Portland, Oregon, United States
- Industry Vertical: Life insurance and annuity advanced markets administration
- Administrative Domain: Nonqualified deferred compensation (NQDC) recordkeeping
- Plan Status Covered: In-force plans
- Plan Categories Included: Supplemental Executive Retirement Plans (SERP); Defined Benefit Only (DBO) plans; Split-dollar plans
- Technology Deployed: Andesa Plan Administration platform
- Primary System Objective: Replacement and modernization of legacy administration systems
- Core Functional Additions: Automated workflows; centralized plan data architecture; structured reporting capability; compliance monitoring controls; onboarding process automation
- Trial Phase: Completed prior to full agreement execution
- Implementation Model: Phased deployment
- Implementation Start Date: November 3, 2025
- Projected Completion Window: Early 2026
- Operational Division Impacted: M Financial Corporate Solutions
- Recordkeeping Scope: Advanced market executive benefit portfolios
- Announcement Source: Andesa Services, Inc.
Strategic Context
Advanced market benefit structures such as SERP, DBO, and split-dollar plans carry distinct operational and compliance complexities. These structures typically involve layered reporting requirements, individualized plan provisions, evolving tax considerations, and integration across carrier, broker, and client systems. Over time, legacy recordkeeping platforms often become constrained by manual processes, fragmented data environments, and limited scalability.
According to M Financial leadership, reporting gaps and workflow inefficiencies had become increasingly visible within its in-force plan administration. As regulatory scrutiny, client expectations, and product customization continue to evolve, operational resilience requires modernization beyond incremental patchwork upgrades.
The agreement with Andesa reflects a broader industry movement toward centralized administration platforms capable of handling complex nonqualified deferred compensation (NQDC) structures while integrating data across internal and external systems. For firms operating in advanced markets, the ability to automate reconciliation, improve reporting clarity, and maintain audit-ready compliance controls has become foundational rather than optional.
Andesa’s platform is designed to support these requirements by consolidating plan data, standardizing transaction management, and embedding configurable logic capable of handling sophisticated product structures across multiple plan types.
Modernizing Legacy Infrastructure
The modernization initiative is centered on transitioning M Financial’s advanced market administration from legacy infrastructure to Andesa’s Plan Administration Solution. The platform is structured to unify plan data, support recordkeeping accuracy, and streamline operational workflows.
Core areas of focus include enhanced reporting visibility across SERP, DBO, and split-dollar portfolios; automation of manual processes historically reliant on spreadsheet reconciliation; and improved compliance monitoring within plan administration.
M Financial’s Corporate Solutions division identified a need to introduce structured automation into onboarding processes, data integration, and ongoing administrative tasks. By centralizing plan administration within a configurable system architecture, the objective is to reduce friction across plan servicing while strengthening internal oversight.
The phased implementation model enables parallel transition and validation before full migration. This approach is designed to minimize operational disruption while aligning system configuration with M Financial’s specific administrative requirements.
Leadership Commentary
“Andesa is known across the industry as a leading recordkeeping and plan administration provider, especially in the advanced markets,” said Jeff Currie, SVP of M Financial’s Corporate Solutions. “We’re glad to begin this transformational journey with Andesa and expect it to result in enhanced capabilities within our plan portfolio.”
Angela Conn, Chief Client Officer at Andesa, added, “Our partnership with M Financial represents a shared vision for innovation and client-centric service in advanced markets. By combining Andesa’s expertise in technology with M Financial’s commitment to client success, we are creating a foundation of scalable excellence for advanced market administration.”
Implementation Timeline and Phased Rollout
Following a trial evaluation period, the implementation formally began on November 3, 2025. The phased rollout allows for incremental onboarding of plan data, integration testing, and validation of reporting accuracy before full transition.
Phased implementation is commonly used in advanced market migrations to ensure continuity of recordkeeping integrity and compliance documentation. The expected completion timeline in early 2026 reflects staged integration milestones rather than a single system switchover.
During transition, internal teams collaborate on configuration alignment, user workflow adaptation, and performance testing. This method reduces disruption while maintaining service continuity for plan participants and advisors.
Digital Transformation in Advanced Markets
Digital transformation in advanced markets is not confined to interface upgrades. It encompasses data architecture redesign, automation of repetitive administrative functions, and integration across policy management systems.
Advanced market plans often intersect with corporate compensation structures, tax considerations, and executive benefit strategies. Modernization requires platforms capable of accommodating highly customized plan terms while preserving compliance documentation.
The Andesa Plan Administration Solution is positioned as a configurable system capable of adapting to varying plan provisions. By introducing automation and centralizing data, administrative oversight can be strengthened while reducing manual intervention.
For M Financial, this transformation is tied directly to operational scalability. As plan portfolios evolve and client demand increases, system resilience becomes critical.
Industry Implications
Within the life insurance and annuity ecosystem, modernization of NQDC recordkeeping infrastructure has become a strategic priority. As advanced market products expand in complexity, firms must balance customization with operational efficiency.
The agreement between Andesa and M Financial reflects a broader recognition that digital infrastructure must support not only compliance readiness but also speed to market and onboarding simplicity.
Streamlined administration reduces latency in plan setup and servicing while reinforcing audit trails. In advanced markets, where documentation and accuracy are paramount, system robustness directly influences client trust.
About Andesa Services, Inc.
Founded in 1987, Andesa Services, Inc. is a U.S.-based technology provider focused on policy and plan administration infrastructure for the life insurance and annuity industry. The company develops and maintains administration systems supporting advanced market products and nonqualified deferred compensation recordkeeping.
Andesa’s core platform provides transaction processing, configurable plan administration, and structured recordkeeping for complex insurance and executive benefit arrangements. The company supports carriers, brokers, and financial institutions operating in Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), Institutional COLI (ICOLI), private placement insurance structures, and supplemental executive compensation plans.
The firm’s technology framework is built to manage in-force policy servicing, reporting architecture, and compliance documentation within regulated financial environments. Its platform supports integration across client systems and enables standardized administration of customized benefit designs.
Andesa operates from Allentown, Pennsylvania and serves financial institutions across the United States engaged in advanced market life insurance and annuity distribution. Additional information is available at www.AndesaServices.com.
About M Financial Group
M Financial Group is a financial services distribution organization providing advanced life insurance, executive benefit, and wealth management solutions to high-net-worth individuals, corporations, and institutional clients.
Through a national network of member firms, M Financial supports plan design and distribution across executive compensation structures, estate planning arrangements, and advanced market insurance programs. Its Corporate Solutions division oversees administration and strategy for in-force Supplemental Executive Retirement Plans (SERP), Defined Benefit Only (DBO) plans, and split-dollar arrangements.
The organization operates within the advanced markets segment of the life insurance industry, coordinating distribution, product structuring, and benefit servicing through affiliated advisors and institutional partners.
Media Contact
For additional information, visit AndesaServices.com.
Source Attribution
Source: Company announcement