One final retirement industry merger for 2024 was revealed Dec. 30, as MAP Retirement, a Madison, Wis.-based provider of tech-enabled administration and compliance solutions for employer-sponsored qualified retirement plans, announced a strategic merger with Pension Plan Specialists, PC, a respected third-party administration firm based in Vancouver, Wash.
The merger marks a significant milestone in both companies’ missions to expand their national presence and enhance their retirement plan service offerings.
“This merger is a significant step forward for both our organizations. By joining forces with PPS, and adding Joe [Burt] as our CEO and Partner, we are combining our expertise and resources to better serve our advisors, their clients and drive innovation in the retirement plan industry,” said Bob Carroll, Partner at MAP Retirement. “I have known Joe for a long time, worked with him in the past in many capacities, he is a retirement renaissance man. The addition of Joe and greater PPS team will add expertise, scale, automation, and some technology we expect to adopt across the entire organization.”
On LinkedIn, Micah DiSalvo, CEO of Madison Retirement Holdings and Partner in MAP Retirement, said the merged companies will begin 2025 with over 10,000 plans and 240+ team members.
“The merger with PPS is a strategic move that aligns with our vision for growth and excellence,” DiSalvo said in a press release. “The Founder lead strategy of our TPA consulting business continues to resonate with proven leaders in the industry like Joe Burt and his talented team at PPS. While our M&A strategy is core to our growth, the innovation around product development and distribution will be a game changer as our collective firms come together.”
Joe Burt, President of Pension Plan Specialists, said the merger ignites a powerful synergy, uniting the two companies’ strengths to drive unprecedented innovation in the retirement plan industry. “By combining our deep expertise and resources, we are poised to reimagine retirement solutions from the ground up and tackle complex challenges with fresh perspectives. Our enhanced capabilities will enable us to deliver unparalleled support and forward-thinking solutions for our clients, strategic partners, and financial advisors,” Burt said.
He added that the collective vision and passion will redefine how organizations support their employees’ financial futures and give them the confidence needed to navigate the evolving retirement plan landscape. “This merger is more than just a business transaction; it represents our commitment to making a lasting impact on the lives of the people and organizations we serve,” he said.
SEE ALSO:
• Mercer Advisors Builds Presence in North Carolina and Philly with New Deals
• PensionPro, Payroll Integrations Partner to Simplify 401(k) Compliance Testing for TPAs
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
