Acquisition of TRPS increases Alliant’s presence in the Northeast retirement services marketplace
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has acquired Thesco Retirement Planning Services (TRPS), one of the nation’s largest 401(k) advisory and brokerage firms. Most of the retirement plans managed by TRPS are in the defined contribution plan category.
TRPS, which has offices in New York City, Long Island, and New Jersey, is headed by President John Cunningham, who has 20 years of 401(k) advisory experience and helped found the firm in 2001. TRPS was recognized in both 2010 and 2011 as a Top Ten 401(k) advisory firm by Plan Sponsor magazine and voted “Top 300 Most Influential Advisors” by The 401(k) Wire.
“The acquisition of TRPS is an outstanding strategic fit for Alliant that serves to significantly increase our company’s presence in the 401(k) marketplace in the Northeast,” said Tom Corbett, Alliant Chairman and CEO. “TRPS has established a reputation for outstanding performance, professionalism, and responsive client service in managing a broad range of retirement plans covering a variety of industries.”
Commented Cunningham, “TRPS is excited about the opportunity to become part of the Alliant organization. Both TRPS and Alliant’s retirement services group are committed to the belief that it is our duty as retirement advisors to guide clients through the decision-making process so they truly understand all the issues, challenges, and choices in order to make the right decision.”
Terms of the acquisition were not disclosed.
About Alliant Insurance Services
Headquartered in Newport Beach, Calif., Alliant Insurance Services, Inc. is one of the largest insurance brokerage firms in the United States and has a history dating back to 1925. Alliant provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to some 20,000 clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company’s web site at: www.alliantinsurance.com.