Products December 21, 2011
CBIZ Acquires Actuarial and Retirement Plan Consulting Business
December 21, 2011 (PLANSPONSOR.com) – CBIZ, Inc. has acquired the actuarial and retirement plan consulting business of PSA Insurance and Financial Services.
Reported by Tara Cantore
The acquisition was effective November 1, 2011. The actuarial and retirement plan consulting book of business recorded approximately $1.2 million in revenue during the past 12 months and includes four associates servicing the business.
Steve Gerard, Chairman and CEO of CBIZ, stated, “The acquisition of the actuarial and retirement plan business of PSA is a great cultural fit and business model for CBIZ and complements our existing retirement planning practice in the Mid-Atlantic.”
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