QPC, an Iowa-based 401k plan consulting and administration firm founded in 2003, will take over full third-party administration 401(k) plan design, consulting and administration services for Pension Plan Services’ 375 plan sponsor clients and their financial advisers.
The acquisition of Pension Plan Services will allow QPC to increase its footprint throughout the Midwest by increasing its access to 401(k) recordkeeping platforms such as MassMutual and Lincoln Financial, and add another 150 financial advisers to its adviser network. Employees of Pension Plan Services, Inc. will be relocated to the QPC office in West Des Moines.
“Pension Plan Services has provided quality administration and consulting services to its clients for over 20 years,” said QPC co-founder Mick Fouts. “We are very much looking forward to continuing the tradition of providing this high-level service to all their current plan sponsor clients and the plans’ financial advisers.”