ExpertPlan Expands Into 401(k) Retirement Plan Consulting

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ExpertPlan announced today that as of Tuesday, June 4, 2010, Redwood Administrators, Inc. became a wholly owned subsidiary of ExpertPlan, Inc., based in East Windsor, NJ.

ExpertPlan CEO Julian Onorato

We are looking forward to having Redwood’s dedicated and knowledgeable retirement experts offer value-added services to our clients.

ExpertPlan announced today that as of Tuesday, June 4, 2010, Redwood Administrators, Inc. became a wholly owned subsidiary of ExpertPlan, Inc., based in East Windsor, NJ. For ExpertPlan, a leading private label retirement plan recordkeeper, this is the fourth acquisition in twenty four months. Redwood Administrators, Inc. currently provides retirement plan services and administration to over 570 plans. As employees of ExpertPlan, Anthony Scialabba, Esq., Kelton Collopy, and their staff of 17 people, will continue to provide a full range of retirement plan services based in their Moorestown, NJ location.

This is an exciting chapter in ExpertPlan’s evolution as the company continues to widen its product base by forming key partnerships with respected industry experts, while maintaining a disciplined focus on providing high quality recordkeeping. In addition to its defined contribution, defined benefit, and insurance-based products, as well as trust and benefit services software solutions, ExpertPlan is expanding its product base offering to include a complete range of consulting, research, and administrative services throughout the entire field of tax-qualified plans. Key staff of Redwood Administrators, Inc. and Actuarial Enterprises, Inc., another wholly owned subsidiary of ExpertPlan, will be combined with certain other experienced retirement plan industry service professionals in order to allow ExpertPlan to offer these expanded retirement plan services.

Notes ExpertPlan CEO Julian Onorato, “We are looking forward to having Redwood’s dedicated and knowledgeable retirement experts offer value-added services to our clients. To forge ahead, ExpertPlan has decided to manage Redwood Administrators, Inc. as a new ExpertPlan business unit, with Anthony Scialabba continuing to provide the senior leadership.”

“We are excited to join ExpertPlan and look forward to the opportunities presented by the acquisition. In particular, the unique consulting services that we provide coupled with the large number of plans that ExpertPlan manages provide a great synergistic opportunity. Thus, we cannot imagine uniting with a better organization than ExpertPlan for continuing the success we have had at Redwood Administrators, “said Anthony Scialabba.

ExpertPlan now offers a complete range of consulting services such as assisting plan sponsors to correct compliance problems, design plan documents from prototype to volume submitter, to individually designed plan documents for defined contribution and defined benefit plans. Document services will include transactional goals such as a plan termination, merger or spin-off, loan, and QDRO policies. Other consulting areas will include services associated with fiduciary liability and fiduciary protection.

ExpertPlan is hosting its partner conference at the Phoenician Hotel in Scottsdale, AZ June 23-25, 2010 with more than 250 clients attending.

About ExpertPlan, Inc. (http://www.expertplan.com)
ExpertPlan Inc., headquartered outside of Princeton, NJ, is the premier provider of private-labeled recordkeeping solutions to asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs, payroll companies and banks that serve 401(k) and other defined contribution plans. The firm's scalable recordkeeping solution can be customized to fully integrate with a client's business and distribution models. ExpertPlan has earned many awards and accolades as a service provider in the retirement plan industry and has for three consecutive years been on the Inc. 5000 list as one of the top 100 fastest growing privately held companies in the U.S.

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Julian Onorato

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