The Retirement Advantage, Inc. (TRA), an independently owned, industry-leading national retirement services company announced today the acquisition of Quality Pension Services, Inc., a pension administration firm, headquartered in Chico, CA.
With the completion of the acquisition on February 1, 2019, TRA has taken another step in its commitment to grow and service its clients and partners. This transaction increases the assets under administration (AUA) of the retirement plans to more than $8 billion, representing business owners and their employees across the entire country.
“TRA is a company with magnitude, vision and technology, which will allow us to offer more holistic and customized services to our clients,” said Sara Lukes, CFO and owner of Quality Pension Services. “We’re very pleased that we found a buyer such as TRA that combines our focus on relationships and is committed to enhancing the retirement solutions we deliver to our partners and clients.”
With a combined national sales force, a robust technical platform built for growth and a customer service team dedicated to helping employees plan and prepare for a rewarding retirement, TRA is poised to continue its core mission to assist business owners and their employees meet and exceed their retirement plan goals.
“Adding Quality Pension Services retirement services business enhances our already strong position as a leader in the retirement services industry and complements our high-touch, relationship-based service model,” said TRA’s president Matt Schoneman. “We're committed to growing our business. Tapping into Quality Pension Services network will allow us to exceed expectations and develop new relationships in the region.”
About Quality Pension Services, Inc.
For more than 25 years, Quality Pension Services has provided pension administration with the highest level of quality and service in the design, implementation, and administration of retirement plans. Quality Pension Services is headquartered in Chico, CA and offers clients the knowledge and experience gained from years of working in a large pension corporation, and the personal service and attention of a small business.
About The Retirement Advantage, Inc.
TRA (tra401k.com), based in Wisconsin, is an independently owned third-party administration (TPA) firm that specializes in the administration, consultation and compliance of retirement plans for privately held businesses nationwide. Currently TRA provides service to more than 8,000 plan sponsors, with more than $8 billion in retirement Assets Under our Administration (AUA).