Deals & People
Lincoln Trust Acquires TPA
Lincoln Trust Company has completed the acquisition of
Fringe Benefit Administrators (FBA), a third-party retirement plan
administrator.
Reported by PLANADVISER staff
The combined companies will have a stronger presence in the small-plan marketplace, offering more comprehensive plan administration, plan design, and consulting services. Lincoln Trust will service more than 2,300 qualified plan clients and will administer more than $9.5 billion in assets.
Lincoln Trust’s acquisition of FBA is complementary to its existing business and brings several new plan types to Lincoln Trust’s offerings, including 403(b), 457(f), cash balance, defined benefit, ESOP, non-qualified, money purchase, and target benefit plans. FBA is based in Metairie, Louisiana.