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Deals & People March 9, 2011
Three Firms Join BAN
Benefit Advisors Network (BAN) has accepted three new agencies into
its national network of employee benefit brokerage and consulting firms.
Reported by PLANADVISER staff
The new members are Lipscomb & Pitts Insurance, LLC, in Memphis, Tennessee; TIS Insurance Services, Inc. in Knoxville, Tennessee; and Sequoia Benefits, LLC, in San Mateo, California.
Founded in 1954, Lipscomb & Pitts Insurance has grown to become the largest privately-held agency in the Mid-South U.S. With about 30% of its overall business stemming from employee benefits, according to the announcement from BAN. It focuses on group, voluntary, and retirement plans.
TIS Insurance Services, Inc., has been serving the Knoxville and East Tennessee regions since 1945. TIS has grown to six operating divisions including Employee Benefits and Personal Lines.
Sequoia Benefits is a benefits broker and consultant company operating in Northern California, predominantly in the San Francisco Bay Area. Sequoia added a new 401(k) product to the traditional health benefit offering, and in 2010, it added a Property & Casualty line.