Pen-Cal Administrators, founded in 1959, is one of the leading executive and employee benefit firms in the United States. It specializes in the design, implementation and administration of employee and executive benefit plans. The company also offers retirement plan consulting and administration solutions. Pen-Cal Administrators provides long-term care insurance services. In addition, its OpenGate offers retirement plan solutions for investment professionals, third-party administrators, and plan sponsors and participants. The company has partnerships with Merrill Lynch and Deutsche Bank. Pen-Cal Administrators provides corporate and financial institutions with options to maximize their returns on invested capital and assets. It also operates an online information center.