TLC Employer Services Expands into Bigger Colorado Market

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TLC is pleased to announce their first acquisition of a great local company, Peak Payroll Solutions, based out of Longmont, Colorado.

“We are thrilled about working with the great clients of Peak Payroll Solutions. These clients have always been treated with great care at Peak. That standard of service will continue at TLC, while simultaneously bringing new technology and offerings not previously available through Peak,” says TLC President and CEO, Kevin Welch. “This partnership also brings us closer to Peak's parent company, Digital Retirement Solutions (DRS). DRS is an industry leader in 401(k) plan administration. They established Peak with the specific purpose of offering its 401(k) clients an integrated payroll and retirement plan solution. Through the acquisition of Peak Payroll, TLC is now able to offer our payroll clients an exceptional integrated 401(k) option.”

Michael Pierce, CEO of DRS, is equally excited about the expanding relationship between TLC and DRS. "TLC and DRS are a perfect fit. Both organizations place quality customer service and best in class technology at the top of our lists of corporate priorities. Peak and TLC have been friendly competitors for years. The TLC acquisition of Peak was a logical step in the growth of our cooperation that will mutually benefit both organizations and our clients."

Kevin advises that TLC is still in aggressive growth mode. They are arguably the largest locally owned and operated payroll company in Colorado and one of the fastest growing payroll companies in the country. This acquisition of Peak Payroll Solutions expands the TLC footprint in Northern and Central Colorado as well as its presence outside of Colorado and across the nation. As of today, Kevin does not have plans for further acquisitions. However, he is excited about the potential for organic growth and is always open to further acquisition and partnership opportunities. He believes the most important aspect of their growth is the team members within TLC. "We are confident we have the best service; our industry leading retention and feedback proves that. In addition, we are confident we offer better technology than our competition and encourage business owners to do an apples to apples comparison to anyone in the industry," says Kevin.

“We are continually looking for ways to provide more value to clients and increase our service offerings. We work with the best programmers and because of that we’re able to stay ahead of market trends and provide solutions that even the publicly traded companies don’t yet have,” says Shareholder, Vice President of Payroll and HR Solutions, Ashlee Faulkner.

Sue Shirley, Shareholder and Vice President of Payroll Tax Operations says, "Our goal is to make sure our clients and their employees always receive the best service, while having their hands on the best new technology and customizable services.”

TLC Employer Services (TLC) has won several awards for their strong organic growth and phenomenal client retention. This is TLC’s first acquisition which will put them at an estimated client count of 650 businesses in over 30 states. Plans for 2016 include surpassing 750 clients, while paying over 20,000 employees. New technology and offerings will continue to rollout and they already have another exciting announcement planned for early 2016.

About TLC Employer Services:
TLC, founded in 2010, is a full service payroll company headquartered in Fort Collins, Colorado with offices in Greeley and Longmont, Colorado. TLC offers payroll service with various cutting edge technology options to both employees and employers for companies with up to 5,000 employees. TLC is fully insured and bonded and is a member of both the American Payroll Association and the Independent Payroll Providers Associations. For more information, please visit:

About Digital Retirement Solutions:
DRS specializes in providing expert record-keeping and administration services for 401(k) plans of any size. Established in 1988, DRS provides innovative, flexible and cost-effective record-keeping solutions that are custom designed to be in the long-term best interest of its clients and their plan participants. For more information, please visit:

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Elizabeth Hobbs
since: 07/2010
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