DailyAccess Buys FBD Pension, Benefits Business

June 26, 2009 (PLANSPONSOR.com) - DailyAccess Corporation, a Mobile, Alabama plan provider, has acquired the pension and group benefits business of FBD Consulting, Inc.

A news release said FBD will retain its human resources consulting practice as part of the transaction and will operate under the name FBD Consulting, LLC.  

DailyAccess will incorporate FBD Consulting’s retirement plan recordkeeping, administration and consulting business lines, including defined benefit services, into its existing operations, according to the announcement.

FBD’s health and welfare consulting services will be channeled into a new DailyAccess subsidiary, Resolution Benefits Design.   DailyAccess will open a new facility to handle both lines of business in Overland Park, Kansas.

“The acquisition of FBD Consulting’s pension and group benefits business enables the DailyAccess family of companies to provide financial advisers, retirement plan sponsors and human resources professionals with a fully integrated suite of benefits services,” said Tommy Thomasson, president and CEO of DailyAccess Corporation, in the announcement.