Press Release

OneDigital Expands Benefits and Retirement Presence With Addition of The Clear Group and 401K Resources

Issued by OneDigital

Mar. 16, 2023

Acquisition Marks OneDigital’s Expansion to Arizona Enhancing Local Footprint and Capabilities Across West Region

ATLANTA, GA – OneDigital, the nation’s leading insurance brokerage, financial services and HR consulting firm, (“OneDigital"), and OneDigital Investment Advisors, an SEC-registered investment adviser and wholly owned subsidiary of OneDigital, today announced the addition of 401K Resources and The Clear Group. The acquisition of the Scottsdale-based firms establishes OneDigital's presence in Arizona and marks a milestone in the firm's planned national expansion.

401K Resources was founded by President Renee Scherzer, the President-Elect of NAPA (National Association of Plan Advisors). 401k Resources works with organizations to design retirement plans supporting their overarching total rewards program objectives. Similarly, The Clear Group, founded by President Chris Scherzer, provides employee benefits solutions, retirement planning, human resources consulting, and personal and business property & casualty solutions. These acquisitions will enhance the available resources and support for over 100 Clear Group and 401K Resources clients. Chris, Renee, and their experienced teams will continue to personally meet their clients’ needs with the same elevated level of service that their clients have come to trust.

For over three years, 401k Resources has been a OneDigital Investment Advisors affiliate, working closely together to bring the highest level of service to the client. The successful relationship between 401k Resources and OneDigital Investment Advisors led to a united decision to evolve the partnership officially through acquisition, adapt to the market's needs, and capitalize on OneDigital Investment Advisors' thoughtfully human and tech-forward approach. The harmony of OneDigital Investment Advisors' key offerings enables 401k Resources and The Clear Group to partner with a company of consequence in an industry ripe for change.

I’m so excited to welcome the Clear Group and 401K Resources to the OneDigital Team. We have wanted to expand into Arizona for quite some time and finally found the perfect partners with Chris and Renee Scherzer. Their powerful combination of integrated Employee Benefits and Retirement (401K) consulting model for clients fits squarely into OneDigital’s value proposition. Under their leadership, I am confident that Arizona will be one of our fastest growing markets in the country.   - Jeff Fallick, Regional Managing Principal, OneDigital West Region

We’re proud of the successes we have accomplished over the past 25+ years and our personal-touch and forward-thinking approach in how we support our clients. OneDigital shares the same outlook with their employees and clients, while bringing collaborative and innovative solutions to help us take our services to the next level. We’re very excited to be fully integrated with OneDigital and look forward to continuing to deliver on our mutual mission to everyone we serve.   - Renee Scherzer, Co-Founder and President 401k Resources

Following the transition and the addition of 401K Resources’ assets brings OneDigital Investment Advisors' total assets under management to approximately $109.8 billion, representing over one million participants and 41,000 individual accounts.

About OneDigital

OneDigital’s team of fierce advocates helps businesses and individuals achieve their aspirations of health, success and financial security. Our insurance, financial services and HR platform provides personalized, tech-enabled solutions for a contemporary work-life experience. Nationally recognized for our culture of caring, OneDigital’s teams enable employers and individuals to do their best work and live their best lives. More than 75,000 employers and millions of individuals rely on our teams for counsel and access to fully integrated worksite products and services and the retirement and wealth management advice provided through OneDigital Investment Advisors. Founded in 2000 and headquartered in Atlanta, OneDigital maintains offices in most major markets across the nation. For more information, visit www.onedigital.com.

Investment advice offered through OneDigital Investment Advisors LLC an SEC-registered investment adviser and wholly owned subsidiary of OneDigital.

About The Clear Group

Based in Scottsdale, Arizona, The Clear Group was founded by Chris Scherzer in 2016. The Clear Group was formed to change the way employee benefits, retirement plans, and business insurance is crafted, managed, and delivered. The Clear Group prides itself on delivering the right products and services to their clients nationwide. For more information, visit getclearconsulting.com.

About 401K Resources

Based in Scottsdale, Arizona, 401K Resources was founded by Renee Scherzer and Kari Baker in 2020. 401K Resources specializes in retirement plan services, creating lifelong partnerships and personal relationships with their clients. 401K Resources’ team has over 30 years of experience in the retirement services industry.

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