IRVINE, Calif.--(BUSINESS WIRE)--Alliant Insurance Services recently gained more traction in the Northeast’s retirement consulting market by acquiring Newtown, Connecticut-based FJC & Associates, a retirement plan designer and administrator. The firm joins Alliant’s Employee Benefits division and will reside under the Retirement Consulting group.
“The people at FJC & Associates add another layer of expertise to Alliant’s nationwide depth of talent in retirement services,” said Tom Corbett, Chairman and CEO of Alliant. “In addition, FJC’s administrative capabilities give our clients one more reason to feel confident their retirement plans are competitive, compliant, and properly run.”
John Cunningham, CPFA AIF and Executive Vice President of Alliant Retirement Consulting, said, “This acquisition brings great people into our national, full-service third-party administration (TPA) group. It also demonstrates growth in the region by providing a presence in areas we didn’t have before.”
Founded in 2003, FJC provides retirement planning and TPA services, including discrimination testing, preparing Form 5500 and Summary Annual Report, tracking vesting percentages, profit sharing, and meeting IRS regulations.
“Alliant brings more scale and capability to our team to continue our growth,” said Frank J. Colavito, owner of FJC. “Their internal resources are the main attraction because they give our clients and advisors more technical expertise.”
The entire FJC team will join Alliant and continue serving clients nationwide from its Newtown headquarters. Terms of the agreement were not disclosed.
About Alliant Insurance Services
Alliant Insurance Services is one of the nation’s leading distributors of diversified insurance products and services. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of solutions built on innovative thinking and personal service. The business of managing risk is getting more complex, and Alliant is meeting this complexity head-on, not with more layers of management, but with more creativity and agility. Alliant is changing the way our clients approach risk management and benefits, so they can capitalize on new opportunities to grow and protect their organizations. Visit us at alliant.com.
