31 Dec

NBT acquires Third Party Administrators, Inc in NH

first_imgNBT Bank,Vermont Business Magazine NBT Bank, based in New York with branches in Vermont, announced today that it has acquired Third Party Administrators, Inc, a retirement plan services company located in Bedford, NH. The business provides administrative services for 401(k), profit sharing and defined benefit plans for over 700 businesses as well as Section 125 administration. TPA, Inc will operate as a stand-alone business, retaining its staff, business name and location. Neil Tullis will continue in his role as president of TPA, Inc.“We’re very excited about this new partnership,” said NBT Bank Wealth Management President Timothy Brenner. “TPA, Inc. has a stellar reputation in the industry, and the services they offer are a great complement to the retirement plan services offered by our Wealth Management Division and the 401(k) recordkeeping services offered by our sister company, EPIC Advisors, Inc. Our commitment to TPA, Inc.’s employees, clients and advisory relationships is strong, and we look forward to collaborating with them in the future.”TPA, Inc. President Neil Tullis added, “This is an exciting opportunity for our company as it provides our team with the opportunity to focus on delivering our core services to our clients and continuing our strong growth rate. We look forward to building upon our past successes, increasing our referral network and accelerating our organic growth.”About Third Party Administrators, Inc.Third Party Administrators is located in Bedford, N.H. with 23 employees and assets under administration of over $850 million. TPA, Inc. provides retirement plan services and Section 125 Administration, including plan design, consulting services, compliance and other administrative services. More information about TPA, Inc. can be found online at: www.tpainc.net(link is external)About NBT BankNBT Bank, N.A. is a full-service bank with a network of over 155 banking locations in six states, including five locations in southern New Hampshire. NBT Bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, N.Y. NBT Bancorp had assets of $8.1 billion as of June 30, 2015, and is traded on the NASDAQ Global Select Market under the symbol NBTB. EPIC Advisors, Inc. is a subsidiary of NBT Bancorp and a full-service 401(k) recordkeeping firm based in Rochester, N.Y. More information about NBT Bank, NBT Bancorp and EPIC Advisors can be found online at: www.nbtbank.com(link is external), www.nbtbancorp.com(link is external) and www.epic1st.com(link is external)last_img

Leave a Reply

Your email address will not be published. Required fields are marked *