Deals and People

Retirement Industry People Moves

By Javier Simon | May 12, 2017
Page 8 of 9 View Full Article

Pinnacle Acquires TPA

Pinnacle Plan Design announced that it has acquired Kollman & Associates, a local third-party administration and actuarial consulting firm. The company brings employer-sponsored retirement plan expertise to the team and will continue to serve current clients. With the addition of Kollman, Pinnacle now has four enrolled actuaries and 23 professionals on staff to design and administer customized 401(k), profit sharing plans and defined benefit (DB) plans.

"As a Baby Boomer, I see people in my generation aging, experiencing health issues and moving on to a different life," says Barbara A. Kollman. "Although I do not foresee an interruption in the services I am able to provide, it is a concern to me as to what would happen to my clients' retirement plans in the event I was unable to continue providing on-going services, even if the disruption in service was for a short period of time. Therefore, I have decided to join a larger pension company that has an excellent reputation and together we will provide full administration and actuarial services to my clients."

Amanda Iverson, CEO at Pinnacle Plan Design adds: "Barb is a very well-respected member of the retirement plan industry and the Phoenix community. We are very excited to welcome her and her clients to the Pinnacle family as we continue to expand our footprint in the Valley."

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