Acquisition Expands Customer Base and Strengthens Retirement LLC's Suite of TPA Services
OKLAHOMA CITY, Jan. 29, 2013 /PRNewswire/ – Retirement, LLC, based in Oklahoma City, OK, today announced that it has signed a definitive agreement to merge the third party administration (TPA) practice of Dana Consulting Group, Ltd., of Chicago, IL, into Retirement, LLC. The transaction closed in January 2013.
Dana Consulting Group and its affiliate, Jennings Law Firm, Ltd., is an alliance of knowledgeable and experienced retirement plan associates and attorneys who provide comprehensive and coordinated legal and consulting services for sponsors of tax-qualified retirement plans. Since their formation in 1993 by attorney and CPA Lee T. Jennings, the firms have been a strategic partner to attorneys, accountants and financial consultants who advise companies on using their retirement plans as wealth accumulation tools for their owners and other key personnel and as incentive plans for all employees.
"We believe that the merger of Dana Consulting Group is very strategic for Retirement, LLC as we continue to grow as one of the leading TPA services firms in the United States. The staff at Dana Consulting Group is fully committed to deliver outstanding client service, which is one of our main objectives as we continue to the next level of growth in this market," said Robert Krypel, CEO of Retirement, LLC. "The strategic combination of these entities validates our commitment to add more services as we continue investing in this business. We look forward to working with the team at Dana Consulting Group and we welcome them to the Retirement, LLC family."
"Joining forces with Retirement, LLC was a great decision for our organization as they share the same values and attention to detail in customer service – which is what we are all about. When we were approached and had an opportunity to merge our firm with an organization that shares with the same focus on high-quality service, it was an easy decision. Combining our teams will enable us to expand our customer base and services with a world class service organization that is very scalable," said Lee Jennings of Dana Consulting Group. "They mirror our values and approach to business and I am confident we will continue to grow and become the best TPA services organization in the country."
About Retirement, LLC
Retirement, LLC is an independent third party administration firm and record-keeper for tax-qualified retirement plans. The firm operates from offices in Oklahoma City, OK, with its corporate headquarters in Northbrook, IL. Retirement, LLC provides consulting, record-keeping, and plan administration services to more than 1400 plans. Plans include defined benefit and cash balance, defined contribution, profit sharing, 401(k), ESOP, and 403(b) plans. Plans range in size from 1 to 2,500 participants.
Terms of the transaction were not disclosed. Wallingford Partners, LLC was the advisor to Retirement, LLC in this merger.
Contact: Anna Bolen, Director of Business Development – Email, 302-703-0800 ext. 401