TSA Consulting Group, a Florida-based provider of retirement plan compliance and administration services, has agreed to acquire Great American Plan Administrators (GA Plan), a subsidiary of Ohio-based Great American Financial Resources, in all-cash stock-purchase transaction.
Under the terms of the agreement, TSA will acquire 100% of the outstanding stock of GA Plan and assume all contractual obligations and services provided by GA Plan effective July 1, 2011.
TSA said the addition of GA Plan’s clients will result in more than 2000 public school districts and colleges in 38 states receiving services under its Compliance Edge program.
TSA chief administrative officer Steve Banks said the firm is excited about this opportunity and confident in the systems and capacity to deliver truly independent plan administration services to a greater number of public education employees.
TSA Consulting Group’s services combines standard deliverables such as plan documents, employer and participant services and recordkeeping, as well as non-standard extras including tailored employee communications components and web-based transaction and remittance processing.