The Weiss Group Announces its Acquisition of General Pension Planning Corp.
Clients will benefit from the efficiencies, scale and expertise of the combined organization
(PRWEB) October 25, 2012
The Weiss Group, Inc. (TWG), a leading provider of daily valuation and recordkeeping services to plan sponsors and other third-party administration firms, is proud to announce its acquisition of General Pension Planning Corp. (General Pension Planning) of Dayton, Ohio effective October 16, 2012. The combined organization will create operational efficiencies and scale that will benefit clients while maintaining a strong tradition of integrity, conscientiousness and diligence.
Haskel Weiss, President of TWG states, “Over the years, we have sought to strengthen our service offerings, accelerate technological innovation and enhance the experience of plan sponsors and participants. Our acquisition of General Pension Planning is consistent with this approach and we are extremely impressed with the deep skills and expertise of its people. Clients will benefit from the synergies realized through the combination of our organizations.” Weiss adds, “What will not change is our commitment to specifically tailored customer service that recognizes that each client is a unique and valuable business partner.” Adam Weiss, Vice President of TWG adds “We also appreciate the many excellent relationships General Pension has with brokers, advisors, and other professionals in the Ohio market. We are excited to support their growth.”
The new organization has 24 employees and serves more than 600 retirement plans, including 275 daily plans on its open architecture, daily valuation platform. Supporting non-qualified plans, 403(b), 401(k), profit sharing, money purchase, and defined benefit (including cash balance) plans, TWG and General Pension Planning will now be handling in excess of $800 million in assets across multiple custodians. TWG and General Pension Planning will continue to operate under their current names. The offices of each entity will remain in their current locations.
About The Weiss Group
Based in Des Plaines, IL with additional offices in Minnesota and Florida, TWG is an innovator among retirement-focused third party administrators. TWG provides consulting, plan design, recordkeeping / administration, and compliance services for qualified plans (including actuarial services) and non-qualified retirement plans. Founded by Adam and Haskel Weiss in 1995, TWG's genesis dates back to 1963, and their late father, Kenneth Weiss, a well-known and highly respected enrolled actuary. Learn more at http://www.twgbenefits.com/Home.aspx
About General Pension Planning Corp
Based in Dayton, OH and established in 1968, General Pension Planning Corp is committed to serving and guiding retirement plan sponsors in the design, administration and communication of essential components of effective retirement planning. Learn more at http://www.generalpension.com/index.html
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