Firm To Roll Up 403(b) Plan Vendors

Nonprofit retirement plan industry veterans have formed U.S. Retirement Partners Inc., a company that hopes to acquire regional firms that sell retirement plans to grade schools, middle schools and high schools.

Robert Dughi, the chairman of U.S. Retirement Partners, Iselin, N.J., was a co-founder of the Copeland Companies, a national 403(b) plan business, and he continued to run the business after it was acquired by Citigroup Inc., New York. He retired from the business in 2005.

Mark Skinner, president of U.S. Retirement Partners, is a past president of Copeland.