Lincoln Trust Company in Denver, a provider of open architecture 401(k), profit sharing and self-directed IRA solutions, today announced the acquisition of Fringe Benefit Administrators, LTD (FBA), a third-party retirement plan administrator based in Metairie, Louisiana.
The combined companies will have a significant presence in the small plan marketplace, focusing on providing businesses and retirement plan advisors with better and more comprehensive plan administration, plan design and consulting services.
Lincoln Trust will service more than 2,300 qualified plan clients and will administer more than $9.5 billion in assets.
Lincoln Trust’s acquisition of FBA is highly complementary to its existing business and brings several new plan types to Lincoln Trust’s offerings, including 403(b), 457(f), cash balance, defined benefit, ESOP, non-qualified, money purchase and target benefit plans. FBA also shares Lincoln Trust’s philosophy of open architecture and fee transparency and adds a strong presence in the southeastern United States.
Lincoln Trust is known for its experience in doing acquisitions as part of a growth strategy, one that looks to continuously add management and customers in order to offer the best products and services in the retirement industry.
