Firm To Roll Up 403(b) Plan Vendors

June 09, 2008 at 12:16 PM
Share & Print

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.

Centre Partners Management L.L.C., New York, is backing the new company.

Owners of regional firms that decide to join with U.S. Retirement Partners "will be shareholders in the company and members of the senior leadership team, but they will continue to operate under their own names and will continue to run their businesses," U.S. Retirement Partners says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Related Stories

Resource Center