Integrated Pension Services acquires Benefits 21
The acquired business was the pension administration arm of Friedman, a New York-based CPA firm.
Integrated Pension Services, the Boston, Massachusetts-based retirement and pension services arm of Integrated Partners, has acquired Benefits 21, a unit of Friedman LLP that is in the same business.
Friedman, based in New York City, is a large certified public accounting firm.
Integrated Pension Services has $300 million in assets in 246 retirement plans with a total of 4,300 participants. Benefits 21 has 184 plans with a total of $400 million in assets and 3,800 participants.
The terms of the acquisition were not disclosed.
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