United States Pension Services, Inc., a newly established company, has acquired Dun & Bradstreet Pension Services, Inc. Neil Bicknell led a team of pension professionals in selection of an acquisition target, organized the investor group, obtained financing and negotiated the transaction.
U.S. Pension is a third-party administrator of 401 (k) and other retirement plans with offices in Charlotte, Los Angeles, Newport Beach, San Diego, San Mateo and Tampa. U.S. Pension offers its services primarily through alliances with prominent financial services firms and currently serves over 5,000 corporate plan sponsors. Its services include plan design, administration, recordkeeping and compliance testing.
Neil Bicknell (CEO), Harry Riehl (EVP) and Ray Pacchiana (SVP) will join the existing management team of U.S. Pension. The Board of Directors will consist of Frank Weil of New York City (Chairman), Al Toffel of Beverly Hills (Vice Chairman) and Neil Bicknell. The company will continue to be headquartered in Los Angeles.