Sioux City, Iowa-based retirement services firm marks Group RHI’s latest acquisition
Boston, MA (January 25, 2019) – Group RHI, a national retirement services firm, today announced the acquisition of Billings & Co., an independent third-party administrator (TPA) based in Sioux City, Iowa. Billings & Co., founded in 1984 as the first Sioux City-area firm to specialize in third-party administration, services more than 450 retirement plans in 34 states.
Billings & Co. is the latest company to join the Group RHI umbrella, which includes Dallas-based America’s 401(k), Houston-based RHI, and Tacoma, Wash.-based Panagiotu Pension Advisors. With the addition of Billings & Co., Group RHI adds strength in retirement plan design, administration and recordkeeping. The acquisition bolsters the company’s team of industry professionals, supporting a growing roster of clients across the country.
“As we continue to build a leading organization with a national footprint, companies like Billings & Co. are tailor-made for our strategy,” said Tom Gaillard, CEO of Group RHI. “The firm that Dick Billings started in 1984 has become a trusted resource for so many retirement plan sponsors and advisors in the Midwest and beyond. Bringing the firm into Group RHI extends our geographic reach while connecting Billings & Co.’s clients to an even more robust set of retirement plan resources.”
“When we started this company more than 30 years ago, we made excellent service our central mission,” said Dick Billings, Founder and President of Billings & Co. “We are immensely proud of our success over the past three decades. As we look to the future, joining Group RHI was a uniquely exciting opportunity to allow us to better serve our clients with access to an expanded set of services and enhanced technological capabilities. This is a tremendous milestone for our firm and our clients.”
About Group RHI
Group RHI provides exceptional retirement services to help companies and their employees maximize their savings and prepare for tomorrow. The firm’s services include 401(k) design and compliance, pension services and actuarial consulting. Clients rely on Group RHI’s sound advice, transparent pricing, and freedom to work with the investment managers of their choice in creating custom retirement plan solutions. Group RHI’s companies include Houston, Tex.-based RHI; Tacoma, Wash.-based Panagiotu Pension Advisors; Dallas, Tex.-based America’s 401(k); and Sioux City, Iowa-based Billings & Co.
NOTE: Group RHI announced a name change to Definiti effective September 8th, 2020.
About Billings & Co.
Billings & Co. provides third-party administration services for retirement plans, giving personalized advice and service to employers and employees. Founded in 1984, Billings & Co. has grown to serve more than 450 plans in 34 states, with participant rosters ranging from one to several thousand. Billings & Co. works with advisors, employers, government organizations, plan participants and financial professionals, providing plan design, compliance, recordkeeping, fiduciary services, and notice outsourcing.
