Addition of third-party administrator offers clients increased access, expertise, and services
Boston, MA (January 24, 2020) – Group RHI, a national retirement services firm, today announced the acquisition of Merit Benefits Group, an independent third-party administrator (‘TPA’) based in Oak Brook, Illinois.
Founded 25 years ago, Merit Benefits Group provides qualified plans for hundreds of clients in Illinois and the Midwest. Services include the design and administration of profit sharing, 401(k), and defined benefit plans.
“Merit Benefits Group has a well-deserved reputation based on their deep knowledge of retirement plan administration paired with responsive client service,” said Group RHI CEO Tom Gaillard. “We’re pleased to welcome our new colleagues into our organization. We are eager to leverage their plan design and administration expertise as we continue to provide a full suite of third-party retirement plan services to Merit Benefit Group’s clients and partners.”
“Since our inception, we’ve taken pride in developing a reputation for quality, expert services. When the opportunity was presented to align our business with Group RHI, it was an easy decision to join forces,” said Merit Benefit Group’s President Mary Jo Stvan. “We look forward to new opportunities to serve clients and develop our staff with Group RHI.”
Merit Benefits Group is the most recent TPA to join Group RHI, which now serves thousands of retirement plan clients across the United States. As an emerging leader in the retirement services industry, Group RHI offers clients robust local service supported by a national network of retirement plan experts.
Group RHI provides retirement services that help companies and their employees maximize their savings and prepare for tomorrow. Services include 401(k) design and compliance, pension services and actuarial consulting. Clients rely on Group RHI’s sound advice, transparent pricing, and freedom to work with the investment managers of their choice in creating custom retirement plan solutions. For more information about Group RHI please visit www.grouprhi.com.
Merit Benefits Group is a full-service consulting, design and administration firm specializing in qualified plan administration. The firm combines high-touch local service and a dedicated team to maintain and administer plans for more than 400 businesses.
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