SEATTLE, Aug. 27, 2018 /PRNewswire-PRWeb/ -- Northwest Plan Services (NWPS), announces the acquisition of Kaufmann and Goble Associates ("K&G"), solidifying their ability to meet growing demand for conflict free, un-bundled retirement and health & welfare plan services.
Founded in 1971, K&G is a benefits consultant, actuary, recordkeeper and administrator, primarily servicing multi-employer DB, DC, and health and welfare trusts for over 20 clients and 50 plans. The combination with K&G adds 20 retirement plan professionals to the NWPS staff, including a leader in the multi-employer trust area, K&G's founder, Sid Kaufmann.
NWPS has built a premium reputation in the retirement plan recordkeeping and administration marketplace, and with this acquisition now serves approximately 1,050 plans nationwide with 370,000 participants and over $33.0 billion of assets under administration.
"We have tremendous respect for K&G, its principals and employees," said Tim Wulfekuhle, President and Chief Executive Officer of NWPS. "Their multi-employer expertise will be a great addition to the services we can offer to our clients and advisors and their actuarial practice will add depth to our current practice. We are very happy to be working with them".
"Our capabilities complement each other extremely well," added Sid Kaufmann. "We are excited to join the NWPS team and see stability for our clients and significant growth opportunities ahead, driven by the confluence of a strong market position, an industry leading service delivery model and the addition of people and technology resources.
About Northwest Plan Services:
NWPS is a leading independent provider of retirement plan recordkeeping, actuarial and administration services. Founded in 1994 and headquartered in Seattle, Washington, the Company provides a comprehensive suite of services for retirement plans with an unbundled, open architecture platform that enables employers to offer their employees access to thousands of investment options. In addition to recordkeeping, administration, actuarial, compliance and participant services, the Company provides consulting, and employee communication services to a client base ranging from small and medium sized companies with 50 to 500 employees to large, Fortune 500 clients with tens of thousands of employees. NWPS services 401(k), 403(b), 457, ESOP and other types of defined contribution plans as well as defined benefit pension plans including cash balance plans.
NWPS currently employs 135 professionals and serves 1,050 plan sponsors with approximately 370,000 participants and over $33 billion in plan assets. For more information, please visit http://www.nwp401k.com.
About Kaufmann and Goble Associates:
Established in 1977 and headquartered in San Jose, California K&G primarily administers DB, DC, and health and welfare trusts for union trusts (multi-employer plans). They service some 20 clients, with 50 plans and approximately 50,000 participants.
SOURCE Northwest Plan Services
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