ExpertPlan Completes Acquisition of US Retirement Plan Recordkeeping, LLC

News provided by

Jun 13, 2012, 03:56 ET

EAST WINDSOR, N.J., June 13, 2012 /PRNewswire/ -- 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. USRP had processed their plans through InvestLink which was later sold to ASPire Financial Services LLC.

(Logo: http://photos.prnewswire.com/prnh/20110111/NY28699LOGO )

The Pension Specialists, Ltd. (TPS est. 1987) which provides ERISA administrative services to over 1,000 plans, held with both 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 third party administration provided alongside its recordkeeping partners. TPS a non-producing TPA has been experiencing 10%+ per year growth the last few years. 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. [email protected]

About ExpertPlan
ExpertPlan Inc., headquartered outside of Princeton, New Jersey, is the premier provider of private-labeled 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

SOURCE ExpertPlan