Prime Pensions, a leading independent provider of retirement plan administration, consulting, and compliance services, announced the acquisition of Presberg Pensions, a third-party administrator based in Westlake Village, California. The acquisition marks a significant milestone in Prime Pensions’ strategic expansion across the U.S. and solidifies its presence in one of the nation’s largest retirement plan markets. Financial terms of the transaction were not disclosed.
Under the acquisition, Presberg Pensions’ clients will gain access to Prime Pensions’ national scale, advanced technology solutions, and comprehensive plan administration capabilities. The integration brings together two firms with complementary strengths in compliance, client service, and customized plan design for small and mid-sized employers.
Founded in 2003, Presberg Pensions has earned a strong reputation for delivering precise and compliant retirement plan administration services to businesses throughout California. Joining Prime Pensions allows Presberg’s clients and partners to benefit from enhanced resources while maintaining the personalized service they have come to expect.
For Prime Pensions, the acquisition represents a strategic move to deepen its footprint in the West Coast market and strengthen its role as a national leader in independent retirement plan administration. The company continues to expand its regional reach through acquisitions that align with its focus on high-quality, tailored service for plan sponsors and financial advisors nationwide.
KEY QUOTES
“California and the West Coast represent a critical market in our nationwide expansion strategy. The strategic acquisition of Presberg strengthens our presence in the largest small business state and aligns with our mission to provide high-touch, customized services to retirement plan sponsors across the U.S. We are committed to pairing local expertise with national resources, ensuring that plan sponsors and financial advisors receive exceptional service, broader capabilities, and long-term support.”
Scott Feit, Founder and President, Prime Pensions
“This acquisition reflects a shared vision for advancing retirement readiness through personalized service and innovative solutions. By joining forces with Prime Pensions Inc, I am confident our clients will gain even greater value through expanded capabilities without losing the dedicated attention they have come to expect. I am excited about this new chapter for Presberg Pensions and look forward to continuing the great relationships that have been established over many years with my clients and their advisors.”
Bob Presberg, President and Actuary, Presberg Pensions
