National Investment Managers Announces Acquisition

November 2, 2005 (PLANSPONSOR.com) - Retirement plan administrator and investment management company, National Investment Managers, has announced its acquisition of retirement plan services provider, American Benefit Resources.

In its announcement, National Investment Managers said the acquisition will expand its predominately Philadelphia-metro market to include Boston, MA; Houston, TX; Los Angeles, CA; Seattle, WA; Portland, OR; and White Plains, NY.   Its member firms provide pension administration services, retirement planning, asset preservation, and defined benefit services to clients.

The acquisition includes the following five firms: Benefit Management Inc. in North Attleboro, Massachusetts; Benefit Planning Inc. in Marina del Rey, California; Doyle-Barnett Associates, Inc. in White Plains, New York; M.L. Kerns and Associates, Inc. and MLK Capital Management, Inc. in Houston, Texas; and National Associates, Inc. N.W. in Seattle, WA.   American Benefit Resources and its affiliates currently serve 5,000 plans and 50,000 plan participants.

As a result of this acquisition, National Investment Managers will have $4.5 billion in assets under administration and $350 million in assets under management.

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