U.S. Employee Benefits Services Group Acquires Common Remitter Business from CPI Qualified Plan Consultants, Inc.
Iselin, NJ, May 1, 2014—U.S. Retirement Partners (USRP), through its U.S. Employee Benefits Services Group (USEBSG) division, acquired the Common Remitter Services business from CPI Qualified Plan Consultants, Inc. on February 28, 2014. Plan administration for 403(b) and 457(b) services will be transitioned to The OMNI Group, a member of USEBSG. This acquisition will add over 1,000 new school districts to The OMNI Group.
The OMNI Group is an independent full-service Third Party Administrator that offers services for all aspects of retirement plan administration. They will administer these comprehensive services for the CPI clients as they are seamlessly transitioned to OMNI.
“We are very excited about the opportunity to enter into a new phase of growth that will further solidify OMNI’s national presence within the USEBSG family,” said Nina Rovinski, Vice President and Chief Operating Officer at The OMNI Group.
Paul Chong, Senior Vice President of CUNA Mutual Group, the parent of CPI, said, “We are very pleased to be able to transition our clients to an organization of such a high quality as OMNI. It is important to us that they will receive the same standards of care and service that CPI has provided.”