Boston, MA (October 11, 2018) – Group RHI, a national retirement services firm, today announced the acquisition of Panagiotu Pension Advisors, Inc. (PPA), a 401(k) specialist in University Place, Wash. PPA is Group RHI’s most recent acquisition as it continues to expand its position in the third party administration segment.
Group RHI CEO Tom Gaillard said, “PPA has shown a tremendous dedication to its clients and a deep commitment to high-quality work. Tony Panagiotu and his team have already proven to be wonderful partners in this venture, and we are excited to welcome them to Group RHI.”
PPA has close to 50 professionals, including attorneys, CPAs and highly qualified plan administrators, administering more than 1,800 plans for local and regional businesses with assets totaling more than $3 billion.
“Joining forces with Group RHI represents a tremendous opportunity for PPA,” said Tony Panagiotu, President. “We’ve established ourselves as a trusted resource for our clients in the Pacific Northwest. With Group RHI we’re looking forward to taking our business to the next level and continuing to deliver real benefit to our clients and employees.”