Prime Pensions (PPI), a provider of retirement plan administration, consulting, and compliance services based in Florham Park, New Jersey, has acquired The Raymond Company Pension Services, a third-party administrator of retirement plans headquartered in Mesa, Arizona.
The deal marks PPI’s entry into the Arizona market and a broader strategic push into the Southwest region. Financial terms were not disclosed.
PPI said Raymond’s clients and partners will gain access to PPI’s national scale, technology solutions, and expanded plan administration capabilities, while continuing to receive localized service and expertise.
Founded with roots dating back to 1970, Raymond began as a pension administration company focused on helping business owners support employees and plan for the future. The company said it has maintained its emphasis on integrity, hard work, and personal service for more than five decades, serving small and mid-sized businesses.
PPI said the acquisition strengthens its position as a nationwide retirement plan administration platform, as it continues expanding across multiple regions with a focus on compliance expertise, quality-driven administration, and scalable technology for an expanding client base.
Prime Pensions described itself as an independent provider of retirement plan administration, consulting and compliance services, primarily serving small and medium-sized businesses, and noted it is not affiliated with an investment product provider and does not offer investment advice.
KEY QUOTES:
“We consistently seek out great companies led by outstanding leaders with impressive growth trajectories and a strong cultural fit—and Raymond checked every box. The strategic acquisition of Raymond will enable us to grow in the Southwest region 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
“Family is our foundation, and that principle guides every aspect of how we operate. Bill and I firmly believe that by joining the PPI family, we can continue to grow meaningfully while preserving the values and culture that define us. Our clients will benefit from enhanced capabilities without sacrificing the dedicated attention they rely on. We are enthusiastic about this next chapter and remain committed to the reputation for reliability and expertise we have built over many years with our clients and their advisors.”
Tim Raymond, Co-Owner, The Raymond Company Pension Services
