Blue Ridge Associates Buys QRPS

Blue Ridge Associates, a provider of administration solutions for employer-sponsored, tax-advantaged equity compensation and savings benefit plans, is acquiring Qualified Retirement Plan Services, Inc. (QRPS).

The addition of QRPS further expands the Blue Ridge service offering, resource capacity, technical expertise, and geographical coverage, specifically in their 401(k) and pension business line of services.

“At Blue Ridge, there are three things that make us different in the retirement consulting space: superior client care, unparalleled industry expertise and advanced technology. The addition of QRPS will strengthen all three of these market-leading differentiators,” said Matt Slyter, group president of the 401(k) & Pension practice at Blue Ridge. “This fact, coupled with the long-term relationship we have had with Forrest and the skills and experience of the entire QRPS team, made it abundantly clear they were the perfect partner to advance our strategic and growth objectives.”

Established in 1988, QRPS works in administration and compliance solutions for all types of employer-sponsored qualified retirement plans, serving over 1,000 plans covering over 31,000 participants and over $2 billion in assets under management (AUM) across the small and middle-market business community.

“When it came time to plan for the future of our business, I wanted to be thoughtful about the process to secure our legacy and provide a stable succession plan for our team members,” said Forrest Knowles, president of QRPS. “Blue Ridge is a natural choice. Their values align with ours, and I’m confident that together we will take our business to new heights. I trust the team at Blue Ridge to honor what we’ve built and lead us into the next chapter of our success.”