Pentegra Acquires TPA

January 8, 2013 ( - Pentegra Retirement Services has acquired Advanced Pension Solutions, Inc., a third-party retirement plan administration (TPA) firm located in Blacklick, Ohio, and Louisville, Kentucky.

A CEFEX certified organization, Advanced Pension Solutions currently manages the retirement plans of more than 550 clients. Pentegra President and CEO Robert Albanese will oversee the combined entity.  

Cherie Beirau, president of Advanced Pension Solutions, will continue to play an integral role in the combined organization as senior regional vice president, leading Pentegra’s TPA operations. Approximately 20 employees in Blacklick and Louisville join the Pentegra organization. Clients of Advanced Pension Solutions will continue to be serviced by their current team, which will be able to take advantage of the broader Pentegra resources.  

“This agreement fits very well with Pentegra’s plan for continued growth in the third party administrative services area,” said Albanese.Consistent with other acquisitions over the last several years, this arrangement supports our strategic objective of expanding market share. Along with its strong administrative capabilities, the acquisition of Advanced Pension Solutions adds even greater regional depth and scale to the Pentegra organization, and further broadens our bench strength, capabilities and services.”

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