U.S. Retirement Partners Acquires Texas Employee Benefits Firm
Added to National 403(b) Network that has more than $2 Billion in Assets
ISELIN, N.J., Aug. 19, 2010—U.S. Retirement Partners (USRP) announced today that it has acquired United Specialty Benefits (USB), a firm that will be part of USRP’s national network that provides 403(b) retirement planning and other benefit services to the K-12 education market.
USB, with headquarters in Bedford, Texas, was founded in 1995 by Gene Tyler. Since its inception, the company has built a robust infrastructure and has developed a significant client base in the K-12 educator market segment across the states of Texas, Louisiana, Oklahoma, Arkansas, Mississippi and New Mexico.
USB has further distinguished itself by developing a proprietary online benefits enrollment system. The “InRoll” system enrolls employees in the core insurance coverages provided by their school district as well as a full Section 125 administration and an integrated supplemental voluntary employee insurance platform.
“With our proprietary benefits enrollment and administration platform (“InRoll”) USB has been able to grow while providing accurate, seamless service to its clients. We are excited about the opportunity to grow nationally as a part of USRP,” said Gene Tyler, Founder and President of USB.
USB is the second Texas firm to join the USRP network, which was founded to give regional 403(b) firms the scale and capability of a large national firm to succeed in the K-12 marketplace. USRP, founded in 2008 by veteran executives of the benefits industry, now has Partner Firms operating in 11 states, and it has more than $2 billion in assets under administration.
“USB is a well-established employee benefits firm with an impeccable reputation. With a proprietary technology infrastructure capable of supporting hundreds of thousands of employees, USB is a perfect fit for our strategy of delivering quality services for school employees across the nation while helping their districts save precious resources,” said Mark M. Skinner, President and CEO of USRP.