GoldK, an online 401(K) provider, acquired Paradigm Financial, a third-party administrator and retirement-consulting firm. Terms were not disclosed. Paradigm specializes in the administration of 401(k), profit-sharing and money-purchase plans.
The acquisition is GoldKs third this year. It already purchased the Retirement Plan Services division of Gallagher Benefit Services of Michigan and A.C.G. Associates. The Paradigm acquisition brings an additional 120 plans and $55 million in assets under administration to GoldK.