Northwest Plan Services (NWPS), an independent retirement plan provider, has acquired CDM Retirement Consultants, its first first acquisition. The deal gives the Seattle-based provider a presence on both coasts and adds two experienced executives, Chip Earle and Virginia McGinnis, to its executive management team. A provider of open architecture retirement plan solutions, CDM offers recordkeeping and administration to more than 500 retirement plan clients. The combined organization has 60 employees serving 800 retirement plans with 180,000 participants and over $10 billion in plan assets.

“CDM shares our commitment to providing service of the highest quality to all clients regardless of size and has assembled a high-performing staff that supports this commitment. Our combined firms are able to serve clients and plan participants across the country,” says Tim Wulfekuhle, chief executive of NWPS. “We also like the fact that CDM is not in the investment business. We believe that the unbundled service structure is best for retirement plan sponsors and participants, and we have no interest in cross-selling investment services to our clients.”