FSG Buys Beacon Benefits

Fiduciary Services Group (FSG) has acquired Beacon Benefits, a third-party administrator (TPA) based in Beverly, Massachusetts.

The acquisition supports FSG’s strategy to expand its family of companies by acquiring recordkeepers and TPAs aligned with its mission. The acquisition will add a regional office in the Boston area.

“This acquisition reflects our continued investment in building a best-in-class retirement services ecosystem,” said Scott David, CEO of Fiduciary Services Group. “By bringing Beacon Benefits into the FSG family, we’re not only expanding our footprint—we’re enhancing our ability to serve clients across all segments of retirement services.”

“Joining FSG and becoming part of DWC is a tremendous opportunity for our team and our clients,” said William Clifford, president of Beacon Benefits. “We’re excited to contribute to a shared vision of growth and innovation, and to continue delivering the high-touch service our clients value—now with even greater resources and reach.”