The acquisition was effective November 1, 2011. PSA Insurance and Financial Services had approximately $1.2 million in revenue for its actuarial and retirement plan consulting business during the past 12 months.
“The acquisition of the actuarial and retirement plan business of PSA is a great cultural fit and business model for CBIZ and complements our existing retirement planning practice in the Mid-Atlantic,” commented Steve Gerard, Chairman and CEO of CBIZ.