NWPS Acquires Venuti & Associates
Northwest Plan Services (NWPS), announces the acquisition of Venuti & Associates (“V&A”), broadening its ability to meet growing demand for conflict-free, unbundled retirement and health & welfare plan services.
Founded in 2002, V&A is a benefits and actuarial consulting firm, servicing multi-employer, single-employer and public defined benefit, defined contribution and health & welfare plans for over 20 clients and 25 plans. This acquisition brings a tenured team of retirement plan professionals from V&A to the NWPS staff, including a leader in the multi-employer trust area, V&A founder, David Venuti.
NWPS has built a premium reputation in the retirement and health & welfare plan consulting, recordkeeping and administration marketplace. With this acquisition NWPS now serves some 1,050 plans nationwide with over 450,000 participants and over $35 billion of assets under administration.
“We have tremendous respect for V&A and the client service reputation the company has built,” said Tim Wulfekuhle, President and Chief Executive Officer of NWPS. “V&A’s broad-based expertise will be a great addition to the services we offer to our clients and advisors, and their actuarial practice will add depth to our current practice. We are very happy they are joining us, and we look forward to working with them.”
“At Venuti & Associates, our approach has always been to put our clients and their participants first,” added David Venuti, “and we are excited about the synergies and growth opportunities NWPS will bring. The added depth and industry experience will serve to enhance what has always been our mission: to give plan sponsors the guidance they need to provide secure, reliable retirement income and health benefits to their plan participants and beneficiaries.”