Simplicity Group, a financial services organization specializing in wealth accumulation and protection solutions, has acquired Alta Montclair, a California-based third-party retirement plan administrator and provider of cloud-based remittance technology. The acquisition expands Simplicity’s workplace retirement capabilities, particularly for 403(b) and 457(b) plans serving educators, government employees, and nonprofit professionals.
As part of the transaction, Alta Montclair leaders Rocky Rocamora, Sam Monastyrsky, and Irina Monastyrsky have joined Simplicity as partners.
Simplicity will also merge its existing Planscope360 business into Alta Montclair’s technology platform.
The combined operation will serve customers under the Simplicity Alta Montclair brand, bringing together specialized retirement plan administration services and automated financial technology.
Founded in 2014, Alta Montclair provides third-party administration and common remittance services for employer-sponsored retirement plans.
Its technology helps plan sponsors, employers, and financial service providers manage retirement contributions, regulatory requirements, and administrative processes.
The platform includes cloud-based capabilities for automating contribution remittance, monitoring compliance, and providing information through online portals.
These tools are designed to simplify administrative responsibilities for organizations offering retirement benefits to employees.
The acquisition strengthens Simplicity’s capabilities in the 403(b) and 457(b) retirement markets, which serve a substantial number of employees in schools, government organizations, and qualifying nonprofit institutions.
These plans can involve complicated administrative requirements, particularly when multiple financial service providers participate in an employer’s retirement program.
The combined platform aims to reduce operational complexity through integrated technology and automated workflows.
By incorporating Planscope360 into Alta Montclair’s proprietary system, Simplicity expects to provide a more comprehensive administrative offering for plan sponsors and participants.
The integration is also intended to improve operational efficiency, support compliance functions, and simplify interactions among employers, financial institutions, and retirement plan participants.
Alta Montclair’s existing management team brings experience developing technology for the specialized requirements of institutional retirement plans.
Simplicity will provide additional resources to support product development, operational expansion, and broader distribution.
The acquisition also supports Simplicity’s Workplace platform, which provides financial and retirement solutions to organizations and their employees.
Simplicity’s broader business model combines financial planning, wealth accumulation products, insurance and protection solutions, and technology supporting financial professionals.
The transaction expands the organization’s retirement administration capabilities while creating opportunities to deliver additional services to employers and financial advisers.
The integration of Alta Montclair and Planscope360 establishes a unified platform intended to help retirement plan sponsors manage administrative tasks while improving the experience of participating employees.
KEY QUOTES:
“Alta Montclair has built a market-leading reputation for delivering intuitive, transparent, and technology-driven administration in the complex 403(b) and 457(b) marketplace, and we are thrilled to welcome Sam, Irina, and Rocky to the Simplicity partnership. By combining Alta Montclair’s robust technology infrastructure with our existing Planscope360 operations, under the broader umbrella of Simplicity’s Workplace platform, we are significantly elevating our administration efficiency and expanding the holistic wealth and retirement solutions we deliver to plan sponsors and educators nationwide.”
Bruce Donaldson, Partner And CEO Of Simplicity Group
“Joining Simplicity represents an exciting opportunity for Alta Montclair, our dedicated team, and the communities we serve. Our core mission has always been to remove friction from retirement plan administration through modern technology and dedicated service. We are thrilled to join Simplicity and immediately leverage shared resources, accelerate technological enhancements, and bring our streamlined solutions to plan sponsors and financial professionals nationwide.”
Sam Monastyrsky, Partner At Simplicity Group
“Our commitment has always centered on serving the educators, public servants, and non-profit professionals who rely on these vital retirement plans. Joining Simplicity broadens our resources and strengthens our ability to deliver personalized, high-touch support coupled with streamlined digital tools, ensuring both plan administrators and participants have the guidance and clarity they need every step of the way.”
Rocky Rocamora, Partner At Simplicity Group
“Integrating Planscope360 directly into Alta Montclair’s proprietary architecture allows us to provide an unmatched operational experience. By scaling our combined technology and automated workflows, plan sponsors and vendors will benefit from an intuitive platform built specifically to handle the intricate demands of institutional retirement plans.”
Irina Monastyrsky, Partner At Simplicity Group
