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View More Press Releases by ExpertPlan

Press release:

ExpertPlan Completes the Acquisition of US Retirement Plan Recordkeeping, LLC's Recordkeeping Plan Business

Issued by: ExpertPlan

Date: June 13, 2012

East Windsor, NJ - ExpertPlan, the leading provider of private label retirement plan solutions, announced it has completed its acquisition of US Retirement Plan Recordkeeping LLC’s existing recordkeeping plan business. The terms of the deal were not disclosed.

The Pension Specialists, Ltd. (TPS est. 1987) which provides ERISA administrative services to over 1,000 plans, held by ExpertPlan as well as other vendors, had established USRP as a record-keeping affiliate in 2007. The Pension Specialists, Ltd. will continue to focus on its core competency which is providing third party administration alongside its recordkeeping partners. TPS, a non-producing TPA, has been experiencing 10%+ per year growth the last few years. For more information about TPS visit www.pensioninsider.com.  ExpertPlan designed a fully-branded, private label retirement suite of products. This in turn, will deliver the Illinois based TPA a robust and cost efficient platform for their Advisors and Plan Sponsors. “This is another example of how we continue to seek out strategic opportunities within the marketplace to reinvest our capital.” noted Ross Brown, Senior Vice President, Sales and Relationship Management. “Acquiring the recordkeeping business of USRP allowed us to drive scale by completing our conversion of their plans in addition to increasing ExpertPlan’s national distribution network.”

“We analyzed the capacity of the recordkeeping business, the competition, the risk and rewards, and the added expense of 404(a)5 to our bottom line. We decided to exit the recordkeeping business. We chose ExpertPlan due to their service, systems, security and competitive positioning for continued growth and their track record in delivering cost efficient recordkeeping solutions.” said Joel Radakovitz, President of The Pension Specialists, Ltd.  For more information about TPS contact joelr@pensioninsider.com.

About ExpertPlan

ExpertPlan Inc., headquartered outside of Princeton, New Jersey, is the premier provider of private label recordkeeping solutions to asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs, payroll companies, accountants and banks that serve 401(k) and other defined contribution plans. The firm's scalable recordkeeping solution can be customized to fully integrate with a client's business and distribution models. For more information about ExpertPlan, visit www.ExpertPlan.com.

For more information: https://www.expertplan.com/roller/eppressrelease/

View More Press Releases by ExpertPlan


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