Blue Ridge Associates adds Economic Group Pension Services
Adds 7,200 retirement plans and $17 billion in assets under administration, roughly doubling the platform's plan count and bringing combined AUA to $87 billion.
Takeaways
- Economic Group Pension Services is a retirement plan design, administration, actuarial consulting, and 3(16) fiduciary services.
- Blue Ridge Associates is acquiring Economic Group Pension Services with backing from Levine Leichtman Capital Partners.
- The.
Levine Leichtman Capital Partners-backed Blue Ridge Associates has acquired Economic Group Pension Services, a New York-based retirement plan services firm, deepening the platform’s reach into qualified plan administration and roughly doubling its plan count.
Founded in 1971, EGPS provides plan design, administration, actuarial consulting, and 3(16) fiduciary services for all types of retirement plans.
The firm serves more than 7,200 plans with $17 billion in assets under administration and brings a team of over 260 employees.
The New York presence adds a new geography to Blue Ridge’s footprint.
The combined organization now manages over 17,500 plans covering 1.2 million participants and $87 billion in assets under administration across the US.
Blue Ridge adds EGPS’s retirement plan capabilities to its existing equity compensation and savings benefit plan administration, creating a broader suite of services for plan sponsors, advisors, and channel partners.
EGPS CEO Daniel Liss joins the Blue Ridge leadership team.
Blue Ridge, founded in 1988 and backed by LLCP, previously served more than 10,300 plans with $69 billion in assets.
The company offers tech-enabled recordkeeping, administration, compliance, and communication services for ESOPs and qualified retirement plans.
No financial terms or advisors were named for the add-on.
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