Eastern Pennsylvania TPA Joins Definiti Partnership
ERIE, PA (July 9, 2024) – Definiti, a leader in third-party administration for retirement plans, today announced that Delaware Valley Retirement, Inc., in Ridley Park, Pennsylvania has become the most recent TPA to join the growing organization. The transaction closed on May 1, 2024, and the teams have completed the first phase of integration.
“We were thrilled to welcome the Delaware Valley team, clients and advisors to Definiti. We’re building a people-first and client-focused company, and we’ve found a wonderful partner to bolster that vision,” said Definiti CEO Kristin Andreski. “The Delaware Valley team has a fantastic reputation for service and administrative excellence. They win in their market because advisors and sponsors know the talent on the team can be relied upon, and that’s the common ingredient we share.”
Shrey Malla, Head of Corporate Development, says, “We started with our people as our primary focus. We see huge benefits to pooling our employees and resources instead of running independent companies. The pace of change in our industry is accelerating, which requires this ability to combine effectively with top quality partners. Definiti is committed to top-tier service with the added capabilities of talent, technology, and capital.”
“I’m excited to join Definiti. The new leadership is deeply committed to great client service, elevated employee experience and modern operations. This new chapter will mean great things for all of us,” said Mathew Calamita, President of Delaware Valley Retirement. “I want clients to know that they can count on Definiti – just as they did with Delaware Valley. I felt Definiti was the only partner who could carry forward their promise of delivering an upgraded experience for our employees and clients.” Calamita continues. Calamita has been named Regional Sales Director and will remain a significant Definiti shareholder.
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About Definiti
From 401(k) plan design and administration, compliance and actuarial consulting, to pension outsourcing and recordkeeping, Definiti helps organizations deliver smart retirement solutions to their employees. With hundreds of experts across the country, including in-house actuarial consultants, ERISA attorneys, document specialists and retirement plan consultants, Definiti helps clients redefine what’s possible with workplace retirement plans.
Media Contact
Elke Giba
elke.giba@definiti.com
