Acquisition of New York firm expands Alliant’s growing portfolio of retirement services
Newport Beach, CA (PRWEB) December 20, 2013
Alliant Insurance Services (http://www.alliant.com), the nation’s largest specialty insurance brokerage firm, has acquired PRB Administrators NY (PRB), a New York-based retirement services company. The acquisition continues the expansion of the Alliant Retirement Services group, adding additional services and solidifying its presence in New York.
“PRB has built an extensive book of business throughout greater New York by providing a robust portfolio of services to meet the retirement needs of a diverse client base,” said Tom Corbett, Chairman and CEO of Alliant. “PRB fits seamlessly into our strategy to expand our national reach while providing a highly customized approach to service.”
Founded in 1981, PRB provides consulting and technical expertise designed to simplify retirement plan administration. The firm offers a range of services that includes plan design and implementation; defined contribution/401(k) plan recordkeeping and administration; annual compliance testing and government reporting; and consulting services.
“The addition of PRB builds upon a growing portfolio of retirement services for Alliant that also includes fiduciary liability advice, investment review, and vendor search,” said John Cunningham, Senior Vice President with Alliant Retirement Services. “Their technical experience and fastidious approach to relationships further our commitment to providing retirement services that don’t simply come ‘in a box’ but are tailored to meet the unique needs of the companies and individuals we serve.”
According to Kevin M. Brown, president of PRB, the agreement will bring immediate benefits to PRB’s existing client base while enhancing the range of retirement services currently offered by Alliant.
“PRB was founded upon the ideal of eliminating the confusion from even the most complex retirement plans and maximizing their value for our clients,” said Brown. “By joining forces with a national leader, we can continue to fulfill this promise to new and existing clients, backed by the vast resources, technical expertise, and national infrastructure of Alliant.”
The PRB team has relocated to the 320 West 57th Street office of Alliant. Terms of the acquisition were not disclosed.
About Alliant Insurance Services
Headquartered in Newport Beach, CA, Alliant Insurance Services, Inc. is one of the largest insurance brokerage firms in the United States and has a history dating back to 1925. Alliant provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to some 20,000 clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company’s web site at: http://www.alliant.com.
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