CHARLOTTESVILLE, Va., May 20, 2024
/PRNewswire/ -- Blue Ridge Associates ("Blue Ridge"), a leading provider of
tech-enabled administration and compliance solutions for
employer-sponsored ESOP and qualified retirement plan benefits,
announced today that is has acquired Tax Sheltered Compensation,
Inc. ("TSC"). The addition of TSC significantly expands
Blue Ridge's service offering,
resource capacity, technical expertise, geographical coverage, and
cements Blue Ridge as a top tier
provider within the US retirement services industry.
"Our strategy has long been to create complimentary, market
leading, people first businesses that leverage technology to enable
our clients to provide wealth building benefits to their employees
with peace of mind," said Bill
Yoerger, CEO of Blue Ridge. "After getting to know
Gary, Matt and the TSC team intimately, it was abundantly clear
they were the perfect partner to advance our strategic objectives
and I'm delighted to welcome them to the Blue Ridge family."
Established in 1966, TSC has been a market leader in
administration and compliance solutions for all types of
employer-sponsored qualified retirement plans, serving 3,100 plans
covering over 152,000 participants across the small and
middle-market business community.
"When Gary and I made the decision to look for a partner that
could provide an optimal succession plan while helping take TSC to
the next level, preserving our legacy, our associates and our
hands-on, concierge approach to servicing our clients were
non-negotiable requirements," said Matt
Slyter, President of TSC. "After an exhaustive search
process, in addition to checking all the boxes, the complimentary
fit between ESOP and qualified retirement savings plans made
Blue Ridge the obvious choice for
TSC and we could not be more excited to partner with the
Blue Ridge team to better serve
our collective clients."
For more information, please contact Mark Agustin at magustin@blueridgeesop.com.
About Blue Ridge Associates
Founded in 1988,
Blue Ridge is a leading provider
of administration and compliance solutions for employer-sponsored
ESOP and qualified retirement plan benefits serving 8,200 plans
covering over 682,000 participants. The Company offers a full suite
of tech-enabled services, including recordkeeping, administration,
compliance, consulting, communication, and education for tax
advantage employer sponsored ESOP plans, as well as all types of
qualified retirement plans. The Company's integrated,
best-of-breed delivery model, proprietary technology platform, and
established network of strategic distribution partners, make it
easy for employers to provide wealth building benefits to
employees.
About TSC
Founded in 1966, TSC is a
premier retirement plan services provider that offers expert
retirement plan consulting, design, and administration solutions
for businesses and their financial advisors. As one of the
oldest and largest retirement plan services providers in
the United States, TSC
has a long and proven history of providing expert design,
compliance, and reporting services for all types of qualified
retirement plans to small and middle-market businesses.
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SOURCE Blue Ridge Associates