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Consolidator Acquires Benefits Firm

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National Investment Managers Inc. has acquired Benefits Dynamics Inc. for about $500,000 in cash and notes.

National Investment, New York, is a financial services firm consolidator that is buying pension plan administration, investment management and insurance businesses.

Before National Investment made the National Actuarial acquisition, it was administering 7,100 retirement plans with $6.8 billion in plan assets.