NJ 403(b) Administrator Makes Fourth Acquisition

September 17, 2008 (PLANSPONSOR.com) - A New Jersey-based 403(b) benefits administrator specializing in the K-12 market has acquired an Ohio 403(b) consultant.

A news release fromU.S. Retirement Partners (USRP), based in Iselin, New Jersey, said ClearCreek Financial Group Inc. (CCFG) of Hudson, Ohio, has “significant” 403(b) business. The announcement said the ClearCreek deal represented the fourth acquisition by U.S. Retirement Partners.

“CCFG is one of the top firms in the greater central Ohio, Akron area, where there are no known independent firms that have all the capabilities that CCFG currently has,” said Mark Skinner, USRP president and CEO, in the announcement.

He noted that CCFG, with 2,750 clients (not including the adviser client base), would enjoy numerous growth opportunities by being a part of USRP, including the marketing of its small group 403(b) plans. In addition, he said USRP will assist in the recruitment of additional advisers to focus on the numerous nonqualified and 403(b) opportunities to which CCFG has access.

USRP previously acquired firms in Michigan, Florida, and North Carolina.

More information is at  www.usretirementpartners.com

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