Shrewsbury, NJ October 28, 2021- National Professional Planning Group, Inc. (“NPPG”) is delighted to announce the acquisition of Consulting Actuaries Incorporated (CAI) of Fairfield, New Jersey. The acquisition furthers NPPG’s strategic commitment to growth and providing a wide range of integrated services for our clients with emphasis on compliance and fiduciary services.
With offices in New Jersey, Florida, Texas, and PA, NPPG provides ERISA 3(16) administrative fiduciary services, Pooled Plan Provider (PPP) services, retirement plan administration and actuarial consulting to businesses, government entities, non-profits, associations, and Professional Employer Organizations (PEOs) throughout the United States.
“Our vision to be the preferred employee benefits solution partner for businesses is demonstrated by our strategic acquisitions. By expanding upon our breadth of professional services, advancing our technological processes, and continually adding talented people, we provide employers innovative employee benefit and retirement plan solutions to navigate today’s ever-changing market,” commented Michael M. Salerno, CEO/Founder of NPPG. “The CAI team, with over 50 plus years of retirement plan administration expertise and compliance oversight, align with our core value of exceeding the expectations of our clients. Tony and the team of CAI professionals are a natural fit to the NPPG family.”
Since 1970, Consulting Actuaries, Inc. (CAI), an independent third-party administrator and actuarial consulting firm, has provided clients ranging in size from one to over a thousand employees, covering all types of qualified pension plans: 401(k), profit sharing, defined benefit, and cash balance with third party administration, and actuarial services. CAI’s clients will continue to be supported by the combined NPPG and CAI team of experienced pension and retirement professionals committed to providing exceptional personalized service.
“We are excited about joining the NPPG family and feel our clients along with their plan participants and advisors will all benefit. NPPG will offer an expanded catalog of pension services, compliance solutions supported by a high-level of process and technology” commented, Antonio Bacchetta, CEO of CAI.
Mr. Bacchetta and the pension team will continue to provide benefit plan administration services from the Fairfield, NJ office. Over the next few months, clients and valued partners can expect to receive communications introducing the expanded selection of employee benefit solutions available through NPPG and its affiliated companies.
About NPPG
National Professional Planning Group, Inc. and its affiliate companies offer full-service employee benefit consulting, retirement planning, actuarial consulting. ERISA fiduciary services and Pooled Plan Provider (PPP) services. NPPG has offices in New Jersey, Florida, Pennsylvania, and Texas and has been servicing clients since 1997. NPPG handles more than $6 billion in assets and more than 5,000 plans for clients nationwide. A full suite of compliance services includes Affordable Care Act (ACA) consulting, ERISA 3(16) administrative fiduciary services, retirement plan third party administration including Multiple Employer Plans (MEP’s), Pooled Employer Plans (PEPs) as well as overall regulatory consulting and plan correction. NPPG customizes solutions to meet business and financial goals of their clients. NPPG clientele is made up of members of the New York Stock Exchange and NASDAQ, non-profit organizations, Fortune 500 companies, government agencies, as well as small entrepreneurial businesses, associations, and Professional Employer Organizations (PEOs). For further information, contact National Professional Planning Group, Inc. corporate office in Shrewsbury, New Jersey at (732) 758-1577.