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Products August 19, 2010
U.S. Retirement Partners Adds to 403(b) Network
U.S. Retirement Partners (USRP) has acquired United Specialty Benefits (USB), which will be part of USRP’s national network that provides 403(b) retirement benefits and other services to the K-12 education market.
Reported by Rebecca Moore
USB, with headquarters in Bedford, Texas, was founded in 1995 and has developed a significant client base in the K-12 educator market segment across the states of Texas, Louisiana, Oklahoma, Arkansas, Mississippi and New Mexico, according to a press release. In addition, it has developed a proprietary online enrollment system, “InRoll,” which enrolls employees in the core insurance coverages provided by their school district as well as a full Section 125 administration and an integrated supplemental voluntary employee insurance platform.
USB is the second Texas firm to join the USRP network, which was founded to give regional 403(b) firms the scale and capability of a large national firm to succeed in the K-12 marketplace. USRP now has partner firms operating in 11 states, and it has more than $2 billion in assets under administration (see US Retirement Partners Adds Specialized Plan Provider to 403(b) Network).