A press release said BPP will expand its Midwest footprint with the addition of the new plans. The merger is part of a long-term business plan, according to the announcement.
Expanded service offerings include custom plan design, compliance and administration solutions for 401(k), 403(b), 457b and cafeteria/125 plans. BPP also offers additional consulting services and a proprietary Fiduciary Health Check, the announcement said.
The organization will operate under the Benefit Plans Plus brand with offices in St. Louis, Missouri, and Highland, Illinois. Patrick Shelton will continue in his role as managing member of BPP and Nancy Flachsbart will serve as the member in charge of the BPP Illinois office.
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