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ExpertPlan Jumps into Mid to Large Size Retirement Market, Hires Industry Veteran

Princeton, NJ (PRWEB) June 19, 2007 -- ExpertPlan, a leading provider of private-label recordkeeping solutions known primarily to the micro and small plan retirement market, has leapt into the mid and large size plan space by completing a new trading link relationship with UBS Fiduciary Trust, signing on three new large plans and tapping an industry veteran to spearhead the firm's new "Corporate Client" division.



"We are thrilled to be cracking the ceiling into the new market segment," said Ross Brown, ExpertPlan Senior Vice President of Sales and Relationship Management. "Traditionally our business model was focused in the under $3 million market landscape but the firm is now poised to work with larger sized companies ranging upward to $25 million who are searching for the same high quality recordkeeping technology we offer our smaller clients today."

ExpertPlan's first step in going up-market was to create a trading link with UBS Fiduciary Trust. In partnering with UBS Fiduciary Trust, the recordkeeper brought on three large size plans for its new Corporate Client division, providing fully bundled retirement plan services. The three plans, totaling 340 participants and approximately 40 million in assets, were formerly with USI Retirement Services, Inc., a division of USI Holdings which traded through UBS Fiduciary Trust. To support the clients, ExpertPlan created and implemented the necessary traditional service elements including a dedicated participant call center and field enrollment support.

Needing the best person to manage the jump to the next tier, ExpertPlan hired Donny Sheinwald as Senior Vice President of Business Development, who has over 15 years experience in the retirement plan services industry. Mr. Sheinwald joins ExpertPlan from USI Retirement Services, Inc., where, as Vice President of Operations, he served as general manager of the entire department responsible for full service recordkeeping and administration of mid to large market retirement plans. Prior to USI, he worked at Automatic Data Processing as an operations manager, and Bankers Trust Company and Ernst & Young as a defined contribution consultant. Donny earned a B.S. in Mathematics and Computer Science from Hofstra University.

Representatives from ExpertPlan will be attending the 2007 SPARK National Conference June 24-26, 2007 in Washington, D.C.

About ExpertPlan
ExpertPlan Inc., headquartered outside of Princeton, NJ, is the premier provider of private-labeled recordkeeping solutions to asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs, payroll companies and banks that serve 401(k) and other defined contribution plans. The firm's scalable recordkeeping solution can be customized to fully integrate with a client's business and distribution models.

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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.


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