June 14, 2012
--- ExpertPlan has completed its acquisition of US
Retirement Plan Recordkeeping LLC’s (USRP) existing recordkeeping plan
The terms of the deal were not
disclosed. USRP had processed their plans through InvestLink, which was later
sold to ASPire Financial Services LLC.
“This is another example of how we
continue to seek out strategic opportunities within the marketplace to reinvest
our capital,” said Ross Brown, senior vice president, sales and relationship
management. “Acquiring the recordkeeping business of USRP allowed us to drive
scale by completing our conversion of their plans in addition to increasing
ExpertPlan’s national distribution network.”
The Pension Specialists Ltd. had
established USRP as a recordkeeping affiliate in 2007. The Pension Specialists
will continue to focus on its core competency, which is third-party administration
provided alongside its recordkeeping partners.