403(b) Administrator Adds Florida Providers to Network

February 18, 2009 (PLANSPONSOR.com) - U.S. Retirement Partners, a 403(b) benefits administrator, announced that it has acquired a Florida group to be part of its national network of providers serving the K-12 teacher market.

According to the announcement, the latest acquisitions – JM & Associates, Michael A. Borgailo & Associates, Summerfield Financial, BRC Agency and Retirement Planning Associates – are Orlando, Florida-based firms that provide retirement planning services to educators throughout Florida. The firms are owned by Joe Avallone, Michael Borgailo and David Payne, all of whom the announcement said are veteran leaders in the 403(b) market.

“This group is the largest independent 403(b) specialist in Florida and one of the top five nationally,” said Robert C. Dughi, USRP executive chairman, in the announcement. He noted that the group has 100 advisers across Florida and provide services to almost every school district in the state.

More about U.S. Retirement Partners is at www.usretirementpartners.com .