From the owner of Expertplan, Julian Onorato:
It is with great pleasure that I am advising you that effective Tuesday,
November 20, 2012, ExpertPlan, Inc., has entered into a definitive
merger agreement that is pending regulatory
approval with Ascensus, a Dresher, PA based corporation. The
transaction is expected to close by the end of 2012.
ExpertPlan will continue to service your business from our main service center in East Windsor, NJ.
ExpertPlan’s core capabilities in web based
micro and small plan recordkeeping and administration plus defined
benefit plans are not services offered by Ascensus.
This means that you and your clients will continue to be serviced by our
dedicated and knowledgeable employees who will
continue to offer value-added services in their current capacity.
ExpertPlan will continue to maintain our service agreements and fee
schedules as your client’s recordkeeper. Furthermore, our current
support phone numbers, service email and Internet
addresses will remain the same for the immediate future.
Ascensus’ interest in ExpertPlan stems from the complementary open-architecture
investment platform and the additional solutions offered in some key
areas, including micro and small plan
web based services, defined benefit and cash balance plans and
non-traditional investment plan administration. The combined product
management and business support teams will be working diligently to
integrate products, processes, and systems to further optimize our solution sets and continue to maximize value for your clients.
This is an exciting chapter in the evolution of ExpertPlan. As communicated in the November press release,
Ascensus has Entered into a Merger Agreement to Acquire ExpertPlan Resulting in Expanded Service Offerings to Clients,Ascensus has one of the largest ERISA consulting practices in the U.S. and administers over 1.5 million IRAs.ExpertPlan is very proud and excited to join the Ascensus family. The combination
of two complimentary national firms will provide our Partners, as well
as their clients
and prospects with industry leading creative solutions. We appreciate
your business and continued support working together with us to provide
financial and retirement solutions.