Boston, MA (January 25, 2019) – Group RHI, a national retirement services firm, today announced the acquisition of Billings & Co., an independent third-party administrator (TPA) based in Sioux City, Iowa. Billings & Co., founded in 1984 as the first Sioux City-area firm to specialize in third-party administration, services more than 450 retirement plans in 34 states.
Billings & Co. is the latest company to join the Group RHI umbrella, which includes Dallas-based America’s 401(k), Houston-based RHI, and Tacoma, Wash.-based Panagiotu Pension Advisors. With the addition of Billings & Co., Group RHI adds strength in retirement plan design, administration and recordkeeping. The acquisition bolsters the company’s team of industry professionals, supporting a growing roster of clients across the country.
“As we continue to build a leading organization with a national footprint, companies like Billings & Co. are tailor-made for our strategy,” said Tom Gaillard, CEO of Group RHI. “The firm that Dick Billings started in 1984 has become a trusted resource for so many retirement plan sponsors and advisors in the Midwest and beyond. Bringing the firm into Group RHI extends our geographic reach while connecting Billings & Co.’s clients to an even more robust set of retirement plan resources.”
“When we started this company more than 30 years ago, we made excellent service our central mission,” said Dick Billings, Founder and President of Billings & Co. “We are immensely proud of our success over the past three decades. As we look to the future, joining Group RHI was a uniquely exciting opportunity to allow us to better serve our clients with access to an expanded set of services and enhanced technological capabilities. This is a tremendous milestone for our firm and our clients.”
To learn more about Group RHI, visit www.grouprhi.com. To learn more about Billings & Co., visit billingsco.com.