Actuaries Unlimited, Inc. Breaking News
Actuaries Unlimited, Inc. Acquires Los Angeles Based Pension Firm
by Christina Millette on November 1, 2018
Actuaries Unlimited, Inc. (“AUI”), a leading retirement planning firm, announced today that it has acquired the assets of PRB Administrators Incorporated (“PRB”), A Summit Consolidated Group Company.
Founded in the 1970s, PRB, a recognized leader in its field, has provided third party pension plan administration and consulting services to thousands of Defined Benefit and Profit Sharing/401(k) retirement plan sponsors within and around Southern California. The company had achieved the highest-level of proficiency in the retirement plan industry led by managing Actuary, Tom Munson, MSPA, who will be joining AUI.
Mindy Gassman & E. Mark Fishman, Shareholders of AUI, said, “Actuaries Unlimited, Inc. is delighted to combine our nearly fifty year legacy with the nearly fifty year legacy of PRB Administrators. We are thrilled to be growing our company and clientele, and look forward to continuing our mission to be the most creative plan design team in the business. PRB is a great addition to our company from both a business and geographic standpoint. We are also pleased to welcome Tom to the team as our seventh in-house actuary.”
Tom added, “This acquisition provides a major growth opportunity for both our businesses to unite our strong knowledge, advance our technical resources and expand our service capacity for our 700+ clients. AUI’s mission aligns with PRB’s to ensure that plan sponsors have the appropriate tools to develop and manage their retirement plans. I am proud of the high-quality services we provided to our clients, and look forward to continually serving them with AUI’s excellent and impressive team.”
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