DALLAS, Dec. 4, 2018 /PRNewswire/ -- BenefitMall, the leading provider of employee benefits and payroll services, today announces the acquisition of Fiduciary Intermediary LTD. (FILCO), a Benefits General Agency operated in New Jersey and New York.
"It is an honor to welcome FILCO to BenefitMall," said Barb Taylor, regional vice president for BenefitMall. "We continually strive to expand our footprint and resources and are thrilled to have FILCO's talented and resourceful team join us."
BenefitMall will strengthen its robust team with the addition of Brian Cullen and Richard Murray, along with a tenured sales and service team. This acquisition and this past spring's Slattery GA deal expands BenefitMall's support to brokers and their clients in the New York and New Jersey market, while contributing to the company's plans for continued, strategic growth.
"We are thrilled to be joining forces with BenefitMall," said Richard Murray, executive vice president for FILCO. "This alliance represents an incredible opportunity for us to expand on the technology, products, and services we offer to our producers. There is amazing symmetry in our firm's cultures, and with BenefitMall's reputation and proven track record for success, we could not think of a better organization to have as our partner."
FILCO has been in the employee benefits business since 1989, and the team manages over 23,000 lines of coverage. The acquisition of FILCO closed Monday.
"FILCO's decision making through the years has always been focused on what is best for our producers, and how can we help them grow their employee benefits business," said Brian Cullen, president for FILCO. "Our decision to partner with BenefitMall shows our dedication to our brokers and how important their success is to our core values. BenefitMall's products and resources coupled with our broker centered sales and service team will help everyone reach new heights."
Headquartered in Dallas, BenefitMall partners with a network of 20,000 Brokers and CPAs to deliver employee benefits and payroll services to more than 200,000 small and medium-sized businesses. By combining payroll and benefits, BenefitMall empowers Trusted Advisors to develop the best employee programs while maintaining compliance with government regulations and Health Care Reform.
Owned by Management and The Carlyle Group, BenefitMall also operates HealthCareExchange.com, the leading online community for information regarding the Patient Protection and Affordable Care Act. More information is available at www.benefitmall.com.