Navigation Links
Tegrit Merges with Summit Retirement Plan Services, Inc.
Date:5/2/2010

The Tegrit Group (“Tegrit”) today announced it has entered into a definitive agreement to acquire Summit Retirement Plan Services, Inc. (“Summit”). Summit’s expertise in providing actuarial consulting and plan administration to private sector plan sponsors will be combined with Tegrit’s advanced plan administration software technology and other post-employment benefit solutions provided primarily to non-profit and governmental plan sponsors.

Livonia, MI, and Akron, OH (PRWEB) May 2, 2010 -- The Tegrit Group (“Tegrit”) today announced it has entered into a definitive agreement to acquire Summit Retirement Plan Services, Inc. (“Summit”). The transaction closed on April 23, 2010.

Michael M. Spickard, Summit’s current CEO, will take the reins as Tegrit’s new CEO and Chairman of the Board. The new enterprise will be managed through Summit’s Akron-area headquarters, employing nearly 100 associates at its four office locations in Ohio, Michigan and South Carolina. The combined entity serves over 1,500 plan sponsors and retirement plan advisors in 40 states, representing more than 200,000 plan participants.

“This is truly a complementary, strategic fit with virtually no redundancy in Summit’s or Tegrit’s core competencies,” said Mr. Spickard. “The retirement plan landscape is changing rapidly with increased scrutiny for both public and private sector plans. The uniting of Summit and Tegrit creates a versatile firm that can consult with clients regarding these emerging issues while providing innovative recordkeeping technology for plan sponsors seeking either ala-carte or end-to-end solutions.”

Summit’s expertise in providing actuarial consulting and plan administration to private sector plan sponsors will be combined with Tegrit’s advanced plan administration software technology and other post-employment benefit solutions provided primarily to non-profit and governmental plan sponsors. The combined entities will deliver a wide range of qualified and non-qualified retirement plan solutions to both the public and private sectors.

“Tegrit’s innovative pension technology and talented staff sets them apart from all other firms,” said Anne Wagner, CEO of the Municipal Employees Retirement System of Michigan, Tegrit’s largest client and majority shareholder. “Adding Summit’s capabilities and executive management team will only enhance the partnership that currently exists with Tegrit. It will be exciting to watch them grow successfully together.”

“This transaction will provide Tegrit with a broader audience for the innovative solutions they have developed for pension and retiree medical plans,” said Carrie Lombardo, Officer of Marketing & Employer Services for the Municipal Employees Retirement System of Michigan. “This unique blending of talent will provide retirement plan sponsors and advisors access to a depth and breadth of services typically found only in larger consulting and administration firms.”

About Tegrit
The Tegrit Group provides advanced recordkeeping, technology and administration solutions for pension, retiree medical and defined contribution plans.

Tegrit Arrivos® software offers plan sponsors a suite of web-based pension and health care administration tools designed by software engineers experienced in the public and private sector retirement plan markets.

Tegrit’s solutions are focused on delivering tools that support the culture, needs and goals of a broad spectrum of retirement plan sponsors. Tegrit has offices in Michigan and South Carolina.

About Summit Retirement Plan Services, Inc.
Summit Retirement Plan Services is a third-party retirement plan administration and actuarial consulting firm with multiple offices in Northeast Ohio. Summit partners with independent investment advisors, investment companies and retirement plan sponsors while managing over 1,000 retirement plans throughout the country.

Summit has been providing a wide range of customized consulting and administrative solutions to retirement plans since its inception in 1996. In 2010, Summit was awarded the ASPPA Administration Certification from the Centre for Fiduciary Excellence, an independent recognition of the firm’s ability to demonstrate their adherence to the industry's best practices.

For more information visit www.summitrps.com.

# # #

Read the full story at http://www.prweb.com/releases/2010/05/prweb3949524.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved  

Related medicine news :

1. HealthEast Selects Craneware to Automate Revenue Integrity Program
2. Logan Consulting Merges with Cornerstone Solutions
3. Cornerstone Solutions Merges with Logan Consulting
4. New Theory Emerges on Darwins Illness
5. iCIMS Emerges as Talent Management Solution of Choice for Henry Ford Health Systems
6. Summit aims to develop guidelines for safe and effective CT scans
7. Global Summit on International Breast Health Targets Breast Health Improvements in Developing Countries, June 9-11, 2010, in Chicago
8. PeriGen Knowledge Summit to Address Issues in Maternal Healthcare
9. Summit Medical Group Celebrates National Laboratory Professionals' Week
10. Health Forum / American Hospital Association 2010 Leadership Summit
11. Woman with MS Summits Everest and Completes the Seven Summits
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Tegrit Merges with Summit Retirement Plan Services, Inc. 
(Date:12/2/2016)... ... December 02, 2016 , ... Advanced Inc., a leading provider of travel ... CPA, MBA to serve as Advanced Inc.’s Chief Financial Officer, effective December 1, 2016. ... brings extensive financial and operational leadership experience to Advanced Inc. He began his career ...
(Date:12/2/2016)... ... December 02, 2016 , ... U.S. Surgeon General, Dr. Vivek ... Dr. Murthy explains how he was inspired to practice medicine at an early age ... is about more than making diagnoses and prescribing medicine,” he states. “It is about ...
(Date:12/2/2016)... New York, NY (PRWEB) , ... December 02, 2016 , ... ... from high school and while 84 percent of parents report speaking with their child ... control, pornography and sexually transmitted diseases. , Mediaplanet is proud to announce the launch ...
(Date:12/2/2016)... ... December 02, 2016 , ... Universal Medical ... systems and the first company to offer robotic imaging to veterinary medicine is ... booth # 941 for the American Association of Equine Practitioners 62nd Annual Convention ...
(Date:12/2/2016)... ... December 02, 2016 , ... "Pro3rd Accents Volume 2 ... to create versatile lower third titles with just a few clicks of the mouse," ... 2 includes 30 lower third animations. Choose from various styles with accented animations, rigid ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... bioLytical Laboratories, un líder mundial en test rápidos de enfermedades infecciosas, presentó ... a los miembros de la Kenya Pharmaceutical Association. ... ... Test! (PRNewsFoto/bioLytical Laboratories) ... ) bioLytical fue invitada por la Clinton Health Access Initiative ...
(Date:12/2/2016)... , December 2, 2016 According to ... "Global Market Study on Automated Endoscope Reprocessors: Single Basin Automated ... of 8.6% Between 2016 and 2024 " the global automated endoscope reprocessors ... expected to expand at a CAGR of 7.2% during an ... US$ 1,367.6 Mn by 2024. ...
(Date:12/2/2016)... FRANCISCO , Dec. 2, 2016  PipelineRx, a ... telepharmacy, will be offering demonstrations of its SaaS-based ... Society of Health-System Pharmacists 2016 Midyear Clinical Meeting ... Vegas . With nearly 300 hospital clients ... services and technology designed to dramatically improve pharmacy ...
Breaking Medicine Technology: