DELRAN, NJ—December 21, 2011—Benefit Consultants Group (BCG), a leading retirement plan provider, today announced the purchase of ARS Retirement Services, a retirement plan third party administration firm located in Succasunna, New Jersey. The agreement became effective December 15th.
Well-known for their consulting expertise and client service, ARS focused on providing its clients with high quality retirement planning solutions. “I believe BCG is a natural fit for my clients. Their breadth of services provide my clients the tools and resources they need to exceed their retirement goals and ensure success,” said Tom Borkowski, President of ARS. “My clients’ welfare was first and foremost on my mind when making this decision, and I know they will be in good hands with BCG.”
Over the past few years, BCG has grown substantially through its aggressive acquisition strategy. “With a greater focus on fiduciary responsibilities for plan sponsors and new disclosure requirements, we have seen increased interest from retirement plan consulting firms across the country looking for successful partnerships to execute their succession plans,” said Jorge Arroyo, President and COO of BCG. “We have several other acquisition opportunities in various stages,” adds Arroyo.
“We are pleased to continue to demonstrate the commitment ARS has made to their clients over the years. The fact that our firms have such a similar philosophy of putting the clients interests first makes this a great fit for all parties” said Beau Adams, Executive Vice President of Business Development at BCG. “Our national presence, coupled with our best-in-class products and extensive resources makes BCG an excellent fit for the financial advisor, plan sponsor and participants.
To find out more about BCG’s Partnership Program, call Beau Adams, Executive VP of Business Development at 800-524-401k, x1920. Additional information about Benefit Consultants Group is available at www.bcgbenefits.com.