GRP rolls on. Global Retirement Partners (GRP), a 401k retirement plan consulting firm that offers services to plan sponsors and Investors, announced on Monday that it’s teamed with Alpha Pension Group, “a fiduciary advisor to ERISA retirement plans” based out of Lexington, Massachusetts.
Alpha currently services over 350 retirement plan clients nationally, and specifically mentioned GRP’s “robust wellness program and MEP/PEP platform” as reasons for the decision.
With $2.3B assets under advisement, Alpha is known for “its strategic diagnostic review process of current programs to measure the effectiveness of design, investment integrity and cost structure,” according to GRP, which allow for “independence and objectivity.”
The firms say the genesis of the deal was formed on a shared goal of providing small, medium to large companies with flexible, robust plan options that benefit 401k participants.
“We are honored to partner with Alpha Pension Group and its truly elite group of advisors,” Geoff White, Managing Partner at Global Retirement Partners, said in a statement. “Alpha’s unique perspectives and expertise combined with their leadership and visionary thinking are what makes them one of the most successful retirement advisory firms nationally. We look forward to exploring a shared path of innovation that provides participants with more options toward a fulfilling retirement.”
“GRP’s vision of creating world class services to plan sponsors of all sizes was a key driver in our decision to join the firm,” added Rich Cawthorne, President of Alpha Pension Group. “Their robust wellness program and MEP/PEP platform will help our plans create better outcomes at costs usually only reserved for large and mega plans. This partnership with GRP opens expanded possibilities for the future of retirement and we are delighted to be at the fore front of this new era.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
