David is an Arizona native who brings over three decades of qualified retirement plan experience to the firm he founded in 2005. In 1990, Mr. Hembree completed his undergraduate studies at the University of Arizona, where he earned a Bachelor of Science in Business Administration degree, majoring in Personnel Management. Since 1992, he has exclusively devoted his career to pension plan administration and consulting.
In addition to overseeing all annual administration duties at Hembree TPA, such as Form 5500 preparation and filings, trust accounting, annual valuations, government compliance testing, participant vested benefit calculations and benefit distributions, he also provides plan document design, installation, and restatement consulting, and is responsible for the firm’s new business development.
David holds a Qualified Pension Administrator (QPA) professional designation bestowed by the American Society of Pension Professionals and Actuaries (ASPPA), as well as the Enrolled Retirement Plan Agent (ERPA) credential conferred by the Internal Revenue Service (IRS). Being dedicated to the preservation and enhancement of our nation’s private pension system, David is enrolled to represent taxpayers before the IRS under the Employee Plans Compliance Resolution System (EPCRS), as well as Employee Plans Determination Letters and IRS plan field examinations or audits. His EPCRS client representation covers specific retirement plan matters, such as correcting plan defects, qualification or operational errors, and plan document failures.
Prior to starting Hembree TPA, David co-founded a Phoenix, Arizona pension administration and employee benefits consulting business in 1994, serving 11 years as a shareholder, officer, and director of ERISA compliance. David was employed previously by an Arizona-based pension administration company from 1992 – 1994. While there, he specialized in plan document restatements before the IRS in order to secure compliance for clients under the Tax Reform Act of 1986. During this time, he also garnered valuable experience in the fields of defined contribution plan administration and client service.
David is passionate about playing guitar, but not just the classic rock and blues styles you might expect of a middle-aged professional; he also shreds thrash metal. He recently discovered his love for Pembroke Welsh Corgis, thanks to his new family pet, Chester. David relishes watching classic movies with his wife and three sons.
