QBI, LLC, a provider of administration and consulting services for qualified retirement plans, has announced its acquisition of Strategic Pension Services, Inc. (SPS) of Irvine, California.
SPS adds its expertise in the design, implementation, administration and compliance of 401(k), profit sharing, 403(b) and other defined contribution retirement plans to QBI’s organization of more than 75 professionals. The combined company will serve more than 3,500 retirement plans.
SPS, led by CEO Doug Van Galder, has built 401(k) and 403(b) relationships since 2004 with an experienced team of consultants and administrators. Van Galder, who, along with his colleagues, will join the QBI team.
QBI intends to present a seamless transition to SPS clients who should expect few changes in relationship management, the company said.
“We couldn’t be more excited to welcome the clients and staff of SPS to QBI. Our groups align philosophically and professionally in a way that defines what we believe is a truly good fit. We expect that clients and trusted partners will benefit as a result of our combined strengths and offerings,” says QBI President and Chief Executive Officer Nick Stonnington.
More information about QBI is at www.qbillc.com.