The Church Pension Fund (CPF) announced the election of The Reverend Thomas J. Brown as chair of its Board of Trustees (CPF Board), effective upon the close of General Convention. He succeeds Barbara Creed, who served as chair since 2015 and as vice chair from 2009 to 2015. In addition, Canon Kathryn Weathersby McCormick (subject to her re-election to the CPF Board) and The Rt. Reverend Brian Prior have been elected vice chairs, succeeding The Reverend Timothy J. Mitchell and Sandra S. Swan.
Reverend Brown currently serves as rector of The Parish of the Epiphany in Winchester, Massachusetts, and has served on the CPF Board since 2009. Canon McCormick, who currently serves as president of Province IV, previously served as canon for Administration and Finance for the Diocese of Mississippi, and has served on the CPF Board since 2012. Bishop Prior is the ninth Bishop of the Episcopal Church in Minnesota and has served on the CPF Board since 2015.
INTAC Joins Ascensus TPA Solutions Division
Ascensus has entered into an agreement to acquire INTAC Actuarial Services, Inc. (INTAC). The third-party administration (TPA) firm will immediately become part of Ascensus’ TPA Solutions division.
Based in Ridgewood, New Jersey, INTAC provides administration of employer-sponsored retirement plans for about 3,000 small to mid-sized companies, their owners, key executives and employees. INTAC also provides ongoing education to their clients and the professionals in the communities they service to ensure that they remain abreast of industry changes and issues.
“Geographically speaking, the tri-state and greater Delaware areas are important market expansion opportunities for our TPA Solutions division,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “With its strong historical growth, successful long-term track record, and associate-focused culture, INTAC is an ideal business to help Ascensus achieve its immediate and long-term growth plans.”