HOUSTON, TX, August 1, 2019 -Nova 401(k) Associates today announced the acquisition of Houston-based employee benefit consulting firm Pension Benefit Administrators (PBA). This represents their third strategic acquisition.
PBA, originally incorporated in 1974, has a team of seasoned pension professionals who average in excess of 20 years of experience and are led by Mike Vickery and Maria Miller. Mike and Maria recently celebrated 40 years and 30 years, respectively, with the firm.
“We are very excited to announce our joining forces with NOVA. We chose NOVA because of their robust use of technology and highly skilled staff which will provide an increased level of customer service to both our clients and their financial, tax and legal advisors,” said Mike Vickery of the decision to sell to NOVA.
With the acquisition, NOVA looks forward to leveraging its technology, scale and efficiencies to PBA’s clients and are pleased that every one of the PBA employees accepted offers to stay on with the firm which will provide continuity with the ongoing relationships, while at the same time providing their staff with some new tools and resources to deliver an even better experience to their clients.
“Scale matters, but so does quality and consistency of the service. PBA employees will immediately become part of the NOVA family and we will service their clients the NOVA way. We are very excited to get to know the new clients and referral sources and introduce them to many of the great things we have to offer” – Russell Hooker, National Sales Director at Nova 401(k) Associates.
About NOVA: Headquartered in Houston, Texas, Nova is an established and highly respected national Third Party Administration (TPA) firm with more than 100 employees and servicing over 6,000 401(k) and defined benefit/cash balance plans which represent almost $9B in assets under administration. Nova’s mission is to provide high-quality, reasonably priced retirement plan administration and consulting services for all types of retirement plans across the country. Nova is committed to quality professional service, resourceful and prompt communication, and dedication to serving the needs of both plan sponsors and advisors. You can learn more about Nova by visiting www.nova401k.com.
For the official Press Release, click here