SEATTLE, April 20, 2020 /PRNewswire-PRWeb/ -- Northwest Plan Services (NWPS), announces the acquisition of Venuti & Associates ("V&A"), broadening its ability to meet growing demand for conflict-free, unbundled retirement and health & welfare plan services.
Founded in 2002, V&A is a benefits and actuarial consulting firm, servicing multi-employer, single-employer and public defined benefit, defined contribution and health & welfare plans for over 20 clients and 25 plans. This acquisition brings a tenured team of retirement plan professionals from V&A to the NWPS staff, including a leader in the multi-employer trust area, V&A founder, David Venuti.
NWPS has built a premium reputation in the retirement and health & welfare plan consulting, recordkeeping and administration marketplace. With this acquisition NWPS now serves some 1,050 plans nationwide with over 450,000 participants and over $35 billion of assets under administration.
"We have tremendous respect for V&A and the client service reputation the company has built," said Tim Wulfekuhle, President and Chief Executive Officer of NWPS. "V&A's broad-based expertise will be a great addition to the services we offer to our clients and advisors, and their actuarial practice will add depth to our current practice. We are very happy they are joining us, and we look forward to working with them."
"At Venuti & Associates, our approach has always been to put our clients and their participants first," added David Venuti, "and we are excited about the synergies and growth opportunities NWPS will bring. The added depth and industry experience will serve to enhance what has always been our mission: to give plan sponsors the guidance they need to provide secure, reliable retirement income and health benefits to their plan participants and beneficiaries."
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, NWPS 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, NWPS provides consulting, and employee communication services to a client base ranging from small and medium sized companies with 50 to 500 employees, to large employers with tens of thousands of employees. NWPS services 401(k), 403(b), 457, ESOP, Church, Taft Hartley and other types of defined contribution plans as well as cash-balance and defined benefit pension plans. For more information, please visit http://www.nwp401k.com.
About Venuti & Associates:
Established in 2002 with offices in Los Altos, California and Seattle, Washington, V&A provides benefits and actuarial consulting services to multi-employer, single-employer and public defined benefit, defined contribution and health & welfare plans. They service over 20 client-relationships, with over 25 plans and approximately 60,000 participants.
Contact Information:
Thomas O'Brien
Northwest Plan Services, Inc.
+1 847.492.0132
http://www.nwp401k.com
SOURCE Northwest Plan Services, Inc.
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