Edina, MN – June 17, 2019 – TSC, Inc. and Corporate Benefit Administrators, Inc. (CBA) are pleased to announce that they have entered into an agreement for TSC to acquire CBA’s retirement plan administration business effective July 1, 2019. Through combining the strengths of these two successful organizations, the acquisition will provide many benefits to their employees, clients, and referral sources. CBA’s St. Cloud office will represent a second location for TSC’s operations.
“CBA is a respected third party administration firm that is very well aligned with TSC’s business operations. It’s most valuable assets are the employees who have earned a reputation of providing excellent service to their clients and referral sources. TSC is excited to add the talented CBA workforce to its company.” said Matt Slyter, Vice President at TSC. “The acquisition of CBA not only strengthens our already very accomplished staff, but it allows us to continue focusing on innovation and product development while investing greater resources into our employee-owned company.”
TSC and CBA are working diligently to ensure a smooth transition for everyone affected by the acquisition. Al Buckner and Joyce Buckner, partners at CBA, add “We’re excited about this opportunity for everyone. TSC is clearly committed to making this an effective transition, retaining the current CBA employees to continue working with their same clients, while offering our clients enhanced technology and compliance support. We could not have found a better partner for this acquisition, with TSC’s strong culture of customized, high-quality client service and outstanding support for our investment advisor business partners.”
About TSC – Twin Cities based TSC provides clients throughout the United States with expert consulting, plan design, and administration solutions. Founded in 1966, TSC has grown to become one of the premier independent third-party administration firms in the country. Upon completion of the acquisition, TSC will have approximately 75 employees serving more than 3,000 employers and their financial advisors.