TRA announces acquisition of Actuarial Consulting Services (ACS), headquartered in Cherry Hill, NJ.
FOR IMMEDIATE RELEASE / PRURGENT
Appleton, WI -- The Retirement Advantage, Inc. (TRA), an industry-leading employee benefits consulting and technology provider, today announced the acquisition of Actuarial Consulting Services (ACS), an independently owned actuarial, consulting, and administrative services firm headquartered in Cherry Hill, NJ.
“This acquisition will allow TRA to serve plan advisors and sponsors in New Jersey and the surrounding northeast region, continuing our national expansion and our commitment to integrity and value in the retirement plan market,” said Matt Schoneman, President, TRA. “This transaction also enables us to bring our technology and efficiency to ACS clients and welcome a talented and skilled staff who will further our capabilities and client-first approach.”
The strategic acquisition of ACS was completed January 1st, 2018, and will strengthen TRA offerings through advanced processes and technologies in addition to providing access to new customer and product markets. With the acquisition, TRA is poised to continue supporting its financial advisor and recordkeeping partners with the design, implementation and administration of customized retirement plan solutions that exceed business owners and employee’s retirement plan goals.
“Both ACS and TRA share complementary business models and similar core values, which creates a substantial foundation to support continued growth into the future.” says Michael Haya, President of ACS. “We are excited about the opportunity this transaction will provide ACS’ existing clients and our staff. Our clients can have confidence that TRA will always act in their best interests and maintain loyal relationships that are based on trust and integrity.”
Actuarial Consulting Services:
Founded in 1978, Actuarial Consulting Services provided full TPA services to small-and-medium sized business owners, and their financial advisors. ACS specialized in custom retirement plan design, administrative services and annual maintenance of qualified retirement plans.
About The Retirement Advantage, Inc.:
TRA, based in Wisconsin, is an independently owned third party administration (TPA) firm who delivers proficiency in the administration, consultation, compliance and fiduciary governance of retirement plans for privately held businesses nationwide. Currently TRA provides service to more than 6,500 plan sponsors, 350,000 plan participants and have more than $6 billion in retirement Assets Under our Administration (AUA).
TRA is in the business of helping employers alleviate the demands of sponsoring a retirement plan through our 3(16) Plan Administrative Relief Services (PARS) which saves you time and money, reduced liability, increases your HR capacity and minimizes potential audit exposure. To learn more about our industry leading solutions, please visit www.tra401k.com.