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Deals & People October 5, 2012
ExpertPlan Acquires Suncoast Pension and Benefits Group
ExpertPlan
Inc. announced it has completed the acquisition of Suncoast Pension and
Benefits Group Inc., a retirement plan third-party administrator (TPA).
Reported by Jill Cornfield
The Suncoast group will continue to focus on its core competency, which is providing third-party administration for medical and professional practices and small businesses. ExpertPlan will design and provide a fully branded, private-label retirement suite of products for Suncoast’s advisers, plan sponsors and participants.
“Acquiring a TPA business in Florida, in addition to the actuarial, legal and administrative services we provide in our New Jersey corporate office, enables ExpertPlan to provide consulting services to our adviser distribution network in the Southeast on a local level,” said George Sawn, executive vice president and chief operating officer, ExpertPlan Consulting Service.
ExpertPlan, headquartered outside Princeton, New Jersey, is a provider of private-label recordkeeping plan services.
Suncoast Pension and Benefits Group Inc., in Tampa, Florida, has been providing actuarial, consulting and Employee Retirement Income Security Act (ERISA) services in the Gulf Coast area for more than 20 years.