Prime Pensions has acquired Northwest Retirement Plan Consultants, a retirement plan administration firm, said a news release Tuesday.
Terms of the deal were not disclosed.
The acquisition will help Prime Pensions, a Florham Park, N.J.-based provider of retirement plan compliance and administration services to small and medium-size businesses, diversify its client base and "add significant extension to its geographic presence," said Scott Feit, CEO of Prime Pensions, in the news release.
Northwest Retirement Plan Consultants, which also provides third-party retirement plan compliance and administration services to small and medium-size businesses, is based in Puyallup, Wash.
The transaction follows Prime Pensions' acquisition of third-party retirement plan administrator Pension Planners Northwest in December.
Prime Pensions did not respond to telephone and email requests for additional information.
