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Products May 1, 2014
USRP Acquires Common Remitter Business
May 1, 2014 (PLANSPONSOR.com) – U.S. Retirement Partners (USRP), through its U.S. Employee Benefits Services Group (USEBSG) division, has acquired the Common Remitter Services business of CPI Qualified Plan Consultants, Inc.
Reported by Kevin McGuinness
Plan administration for 403(b) and 457(b) services will be transitioned to The OMNI Group, a member of USEBSG. This acquisition will add over 1,000 new school districts to The OMNI Group.
The OMNI Group is an independent, full service third-party administrator that offers services for all aspects of retirement plan administration. They will administer these comprehensive services for the CPI clients as they are transitioned to OMNI.
“We are very excited about the opportunity to enter into a new phase of growth that will further solidify OMNI’s national presence within the USEBSG family,” says Nina Rovinski, vice president and chief operating officer for The OMNI Group, based in Iselin, New Jersey.
“We are very pleased to be able to transition our clients to an organization of such a high quality as OMNI. It is important to us that they will receive the same standards of care and service that CPI has provided,” says Paul Chong, senior vice president of CUNA Mutual Group, the parent of CPI, based in Madison, Wisconsin.
More information on USRP can be found here.