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How can we help you?

Learn about Pension Investors Corporation of Orlando

Personal Advice

We weigh your current goals and challenges to design the most appropriate plan for your strategy structure.

Protect & Grow

We provide diversified investment strategies that keep your goals protected and growing.

Live with Freedom

We monitor success and revisit your priorities to review and assess your roadmap and keep you going.


Pension Investors Corporation of Orlando, Inc.

PICO was founded in 1982 by our president, Timothy L. Messett, CLU. The company provides qualified retirement plan services in addition to estate planning and insurance consulting. Our retirement plan services include: Plan design, implementation, and annual administration. The plans are designed based upon each client’s specific needs, objectives, and requirements.

We Offer Great Performance

We provide personal services: Our clients experience personal interaction with a designated administrator and dedicated consultant who are both familiar with the client’s situation. Annual work is personally hand-delivered and reviewed with all our clients. Our staff is always happy to provide technical support for any questions. We maintain state-of-the-art computer systems to provide innovative planning as well as insurance design. Our firm regularly sponsors and teaches Florida Board of Accountancy approved AICPA and FICPA courses throughout the state.

We Bring Amazing Value

Our fees include limited trust accounting, Orlando client visits, employee meetings, annual preparation of reports, and government filings. Also included are meetings with your tax advisors. The high quality of our service provides a competitive edge in the qualified plan industry. We provide services to every category of business entity – S Corporations, C Corporations, Partnerships, LLC, LLP, PA, PC, Sole Proprietorships, and Not-for-Profit.

Our Team Is Ready To Help

Our professional Orlando staff consists of consultants, pension plan administrators, accountants, financial planners, and our enrolled actuary. Our staff is committed to providing the highest quality pension services and assisting you in achieving your retirement pension goals in Orlando. Many of our staff hold designations and credentials related to their areas of expertise.

Call: 407-875-3332     |      Email:

You're A Smart Business Man (woman)

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Plan Administrators

Get to know who is working on your plan

Elaine Barritt, MSPA, CPC, Enrolled Actuary

Enrolled Actuary

Elaine joined PICO in 1995. She has been in the pension business since 1980. As the Enrolled Actuary, Elaine oversees the actuarial and administration processes for all the defined benefit plans, and also administers 401(k) and cross-tested plans.

Her educational background includes a B.A. from Stetson University, the designation of Certified Pension Consultant (CPC) and Member (MSPA) from ASPPA, and the designation of Enrolled Actuary from the Joint Board for the Enrollment of Actuaries. Elaine has served as an instructor and speaker on pension issues, and authored a book that served as a primer for the administration of defined benefit plans. In years past, she has volunteered her services to ASPPA’s education and examination programs.

Direct: 407-875-3332



Walter Patricio


Walter joined PICO in 2006. He is experienced in all phases of Defined Benefit and Defined Contribution Qualified Plan Administration and Document Preparation. Walter has 35 years of experience in the Retirement and Benefits Planning sector. He started his career in the retirement planning business with a large TPA firm in Atlanta, GA as a systems programmer. Later, Walter transitioned into the compensation analysis arena, conducting industry compensation surveys for large associations.

Walter attended George State College.

Direct: 407-875-3332 ex. 32



Tatiana Pombo, QKA


Tatiana joined PICO in 2008. She has worked in the pension field since 2004. She is responsible for all phases of Defined Contribution Qualified Plan Administration and document preparation. Prior to joining PICO, she was employed by a TPA firm in North Carolina.

Tatiana attended Palm Beach Community College with a focus in accounting.

Direct: 407-875-3332 ex. 33



Karen Sarno, QKA, RP®, QPFC


Karen joined PICO in April 1995 and brought with her 11 years of prior experience in the Financial and Retirement Planning sector. Karen is experienced in all phases of Defined Contribution Qualified Plan Administration and document preparation. Prior to joining the financial services industry in 1984, Karen held a number of management positions with a major national corporation for over 14 years.

Karen’s education background includes an Associate in Science Degree from Andrew College and holds the designation of RP®- Registered Para-Planner from the College of Financial Planning, QKA – Qualified 401(k) Administrator from ASPPA, and QPFC –  Qualified Pension Financial Consultant from ASPPA.

Direct: 407-875-3332 ex. 12



Jeffrey T. Sparks, ERPA, QPA


Jeff joined PICO in 2017. He has worked with retirement plans for almost 40 years. His career started with a life insurance company where he performed annual administration duties for Defined Benefit plans. As 401(k) plans evolved in the industry, he developed defined contribution plan experience becoming well-rounded in all aspects of qualified plan administration.

Jeff earned his Bachelors of Arts degree in Mathematics from North Carolina Wesleyan College. He earned the enrolled Retirement Plan Agent designation from the IRS in 2009 and the Qualified Plan Administrator designation from ASPPA in 1996. He is active in a local pension study group and is a past president of the ASPPA Benefits Council of Central Florida.

Direct: 407-875-3332 x 29


Carmen Walker, QPA


Carmen joined PICO in 2003 and has worked in the pension industry since 1990. She also works with the new business department on plan design and installation. She previously worked for an actuarial firm and an insurance company, providing administration for all types of qualified retirement plans with a main focus on defined benefit and 412(e)(3) plans.

Carmen’s education background includes a Bachelor of Science degree in Mathematics from Indiana University South Bend and an Associate of Applied Arts degree from Ancilla College. She also holds her Qualified Pension Administrator (QPA) designation through ASPPA.

Direct: 407-875-3332 ex. 27



Brenda Wren, QPA, ERPA


Brenda joined PICO in 1990, following years of experience in the financial services industry with a focus on retirement plans. In addition to serving as an officer of PICO, she is an administrator and consultant, handling many of our larger Defined Contribution plans including 401(k), cross-tested Profit Sharing and ESOP’s. She holds the credential of Qualified Pension Administrator (QPA) from the American Society of Pension Professionals & Actuaries (ASPPA).

Brenda’s education background includes an Associate in Arts Degree from Valencia Community College.

Direct: 407-875-3332 ex. 20



Sherry Murray

In Memoriam

Sadly, we lost our dear, Sherry Murray, on July 30th, 2017. Sherry joined PICO in 2005. With over 30 years of experience, she was responsible for the administration and compliance of 401(k) and profit sharing plans. Sherry was a true professional and dedicated to her work. She fostered many relationships beyond business making many of her client, her friends. That was typical of Sherry, truly one of the kindest, most thoughtful people we have ever known. We were all very lucky to have been in her life. We have no idea how she found the inner strength to have maintained her fight with her various attacks from cancer. We can only admire in awe…her amazing courage to sustain a loving outlook and positive attitude throughout her tragic ordeal.

Our Miss Sherry has earned a well-deserved rest and we shall miss her.

Sales & Supporting Staff

Meet those who are ready to help you

Timothy L. Messett, CLU

View Tim Caldwell's profile on LinkedInPresident

Tim Messett is president and owner of Pension Investors Corporation of Orlando, Inc., and has more than 30 years of experience working with business owners in the design and implementation of qualified plans; including 401(k), Defined Benefit, Cross-tested Profit Sharing Plans, and ESOPS.  He also provides clients with a variety of employee incentive programs designed to attract and retain key employees.

After attending Ohio State University, Tim served as a Warrant Officer in the US Army’s 162nd AHC, where he flew Combat Assault helicopters during his tour in Vietnam. Upon his return to the states, he served as a helicopter flight instructor at Ft. Rucker for the remainder of his tour of duty.  Early in his business career, Tim served as Executive Vice President for a life insurance company headquartered in the Midwest, and was responsible for establishing their sales operation in the State of Florida.

Tim is the past President and co-founder of the Employee Benefits Council of Central Florida, a member of the Central Florida Estate Planning Council (CFEPC), Forum 400, a lifetime qualifying member of MDRT, and co-founder and Board Member of the National Partners Group, Inc. – an insurance producer group.  He holds life insurance, health insurance, and real estate licenses.

Direct: 407-875-3332 ex. 11



Timothy B. Caldwell, AIF®

View Tim Caldwell's profile on LinkedInSenior Sales Consultant

Tim joined Pension Investors Corp. of Orlando, Inc. in 1994.  In additional to traditional employee benefit programs, he expanded his level of service to clients in the area of combo plans, Cross-tested and Dual Tested Defined Benefit plans. He also has expertise working with business owners to structure Buy/Sell business arrangements with the proper legal counsel, along with their personal, financial, estate, business succession, and asset protection planning.

 Tim is the:

  • Past president and active member of the Central Florida chapter of the American Society of Pension Professional and Actuaries (ASPPA)
  • Current board member of the Financial Planning Association (FPA)
  • Past board member of the Central Florida Chapter of the National Association of Insurance and Financial Advisors (NAIFA)
  • Member of the Forum 400
  • Active member of National Association of Plan Advisors (NAPA)

 He holds life insurance, health insurance, variable annuities licenses and is a former Registered Representative.

Tim is a graduate of the University of Central Florida.

Direct: 407-875-3332 ex. 23



Nancy  M. Alvarez

Client Relationship Manager & Executive Assistant to Tim Messett & Tim Caldwell

Nancy joined PICO in 2006.  She is the Executive Assistant to Tim Messett and Tim Caldwell. Nancy is responsible for scheduling client meetings, making travel arrangements, overseeing implementation and maintenance of the website, maintenance of paperless documentation system, maintenance and training of client database, and coordinates our yearly Continuing Education Seminar. Nancy has 20 years of experience working in the financial services industry, previously working for 2 major national brokerage firms.

Nancy attended Florida International University and obtained her Associates of Arts degree from Miami-Dade Community College.

Direct: 407-875-3332 ex. 11


Barbara Miller

Trust Accountant

Barbara joined PICO in 2017. As the trust accountant, her responsibilities include reconciling retirement plan brokerage accounts and assisting senior administrators with day-to-day customer service. She served in the US Air Force as an Airfield Manager until 2003. After her service, she began her career in the insurance and financial service industry.

Barbara holds a life insurance license including variable annuity and health for the State of Florida. She obtained her Bachelors of Science degree from the University of Central Florida and is currently pursuing a Masters of Business Administration with a specialization in Finance from the University of Arizona.

Direct: 407-875-3332 ex. 13


Kay Stevens


Kay joined PICO in 1993.   She has more than 30 years of experience in the pension administration industry as an administrator and office manager.  Her responsibilities include management of retirement plan administration, corporate accounting, as well as personnel and day-to-day operations at PICO.  She currently serves as Office Administrator and Corporate Secretary.

Kay is a graduate of the University of Miami.

Direct: 407-875-3332 ex. 19



Erna Thigpin

Insurance Administrator

Erna joined PICO in 1999. As the Insurance Administrator, she is responsible for support with all life insurance illustrations, underwriting applications, policy service, and reviews. She has over 25 years of experience working with some of the most respected carriers in the life insurance industry. Her professional management designation was earned by passing 10 national examinations on life and health insurance subjects, including: Insurance, finance, marketing, law, information systems, accounting, and management.  She earned her designation as Fellow, Life Management Institute in 1989.

Direct: 407-875-3332 ex. 16



Rose Whidden

Assistant Administrator

Rose has been with PICO since 2006. She is an Assistant Administrator, providing administrative support to our plan administrators.  Prior to joining us, Rose worked for both small and large corporations in the legal, marketing/public relations, and employee benefits fields. She has over 15 years of experience in the employee benefits field.

Direct: 407-875-3332 ex. 25