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Industry Consolidation Third Party Administrators

WilmerHale

The Interplay: Key Decisions at the Intersection of Antitrust & Life Sciences - October 2023

WilmerHale on

This marks the second issue of WilmerHale’s The Interplay: Key Decisions at the Intersection of Antitrust & Life Sciences, a monthly bulletin that will highlight developments in the antitrust and life sciences space. We will...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Schwab to buy TD Ameritrade

Charles Schwab, the largest publicly traded discount brokerage firm and of the largest custodian of 401(k) plan assets has agreed to acquire TD Ameritrade for an all-stock transaction valued at $26 billion....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Don’t let consolidation scare the life out of you

When I travel to a stadium or a game, I’m a beer snob and I will walk around to find a beer that isn’t Bud, Coors, or Miller, or even Blue Moon. I always like to use beer as an example when it comes to the retirement plan...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The drawback on consolidation

There has been tremendous consolidation in the retirement plan marketplace, especially in the last couple of years. It’s been that way since fee disclosure regulations were implemented in. 2012. In the past week, two...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Retirement Plan Advisors Advantage - January 2019

As A Plan Provider, How You Can Deal With Clients. It's not always fun. Almost 25 years later, Clerks is an independent movie classic. Shot for $27,000, it looks like it. Yet despite the black and white (they couldn't...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Retirement Plan Advisors Advantage - September 2018

Some Hard Truths About The Retirement Plan Business. The truth, the hard truth. What makes me a very unpopular person in the retirement plan business and synagogue is that I'm very opinionated and I like to call it...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The problem with consolidation in the TPA business

Every week, I check the headline on 401khelpcenter.com and the news part usually involves one or two purchases of third party administration (TPA) firms by larger TPAs. It’s the nature of a very competitive business and with...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Another TPA joins Alliance Benefits Group

One of the great supermarkets in my area is ShopRite and it’s one of the unique successes in the supermarket business. ShopRite is a co-operative consisting of individual supermarket owners who band together for purchasing...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The Retirement Advantage buys a TPA as the business further consolidates

As discussed with purchases by Ascensus, there is further consolidation in the third party administration (TPA) business. The Retirement Advantage, Inc. (TRA), purchased Retirement Planning, Inc. (RPI), a Grand Rapids,...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Ascensus is becoming a big time player

The first job I had was working as an ERISA attorney for a small law firm that was affiliated with a third party administrator (TPA) called CBIZ Retirement Services, Inc. Let’s just say that CBIZ wasn’t much of a moneymaker,...more

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