Northwest Plan Services acquires Trautmann, Maher & Associates
We are pleased to announce the acquisition of Seattle-based Trautmann, Maher & Associates. The combination with TMA further positions NWPS as a leading national independent recordkeeper and administrator of 401(k) and retirement plans, serving clients of all sizes across the country.
Founded in 1991 TMA is an independent provider of retirement plan recordkeeping, administration, actuarial, communication and participant services for over 175 clients and plans. Like NWPS, TMA is not in the investment business and provides their clients and advisor partners with 100% open investment architecture. The combination with TMA adds two experienced leaders in the recordkeeping industry, Rolf Trautmann and Dennis Maher, to the NWPS executive management team.
NWPS provides a comprehensive suite of services for 401(k), profit sharing, defined contribution plans, defined benefit pension plans and other plan types. NWPS has built a premium reputation in the retirement plan recordkeeping and administration marketplace, with this acquisition now serves approximately 900 plans nationwide with 300,000 participants and over $20.0 billion of assets under administration.
“We have tremendous respect for TMA, its principals and employees,” said Tim Wulfekuhle, President and Chief Executive Officer of NWPS. “As the 401(k) landscape continues to shift toward unbundled solutions, it makes strategic sense to combine the resources of our firms and leverage our strengths to support continued strong growth. TMA brings the same flexibility, obsession with quality, and high-touch client service that are the hallmarks of NWPS. We are confident the strong alignment of our strategies will facilitate a smooth transition for employees, advisors and clients. We will not be making any changes to TMA staff or office location.”
“Our capabilities complement each other extremely well,” added Rolf Trautmann, President and co-founder of TMA. “We are excited to join the NWPS team and see significant growth opportunities ahead driven by the confluence of a strong market position, an industry leading service delivery model and the addition of people and technology resources with these two great Seattle-based firms coming together.”