Insurance broker and consultant NFP has announced its acquisition of 401k Management Group, Inc. and Campbells Administration, Inc. The transaction closed on May 12.
Based in Santa Ana, California, 401k Management Group and Campbells deliver consulting and investment advisory services to businesses offering tax-qualified retirement and 401(k) savings plans and nonqualified executive compensation plans to their employees.
David Heroux, president of Campbells, assumes the role of director of retirement plan consulting at NFP Retirement.
He reports to Nick Della Vedova, president of NFP Retirement.
With more than 3,600 employees and global capabilities, NFP was recently ranked by Business Insurance as the 5th largest global benefits broker by revenue, the 4th largest U.S.-based privately owned broker, and the 11th largest broker of U.S. business.
It was also ranked the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans by PlanSponsor and 11th in personal lines property and casualty revenue by Insurance Journal.
NFP’s independent broker-dealer ranked 10th in annual revenue by Investment Advisor.
Rep ranked it the 6th highest in advisor production by assets under management.
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