Prime Pensions, Inc. has appointed Mark Maselli as chief executive officer.
Maselli has been a member of the Prime Pensions Board of Directors since February 2024. Scott Feit, the founder of Prime, will remain with the company as president and will lead the company’s organic and inorganic growth initiatives, including sales, business development, and mergers and acquisitions.
Maselli brings to Prime Pensions 40 years of experience working across employee benefits, including retirement, as a consulting actuary, client relationship manager, and executive.
Maselli spent 20 years at Willis Towers Watson, most recently as the managing director and head of North America and the co-head of the Global Health & Welfare consulting business where he oversaw $900 million in revenue and 1,000 employees. He was also a member of the Board of Directors at Towers Watson and Towers Perrin. Maselli was formerly a partner at PricewaterhouseCoopers and Kwasha Lipton, having started his career as an actuary at Kwasha Lipton.
“I couldn’t be more excited to welcome Mark as the incoming CEO,” said Feit. “I’ve gotten to know Mark since his appointment to the Board, and we have worked closely together to drive multiple growth strategies of the business. After founding Prime Pensions and leading the company for over 30 years, I know that Prime is well positioned for this transition and the next phase of its growth. Mark’s extensive retirement expertise and cultural fit make him the ideal person to step into the CEO role. Mark has already made a tremendous contribution to the company while acting as interim Chief Operating Officer and enhancing the leadership team with several key executive hires.”
“I am honored to join the stellar executive team at Prime Pensions as we build one of the nation’s leading retirement administration, consulting, and compliance firms,” said Maselli. “Scott built an industry-leading business with a differentiated approach to client service. Prime is the platform of choice in the retirement sector, and I look forward to working with the Board and the talented team at Prime Pensions to continue to scale the business.”
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
