White Plains, N.Y.-based Pentegra Retirement Services has purchased Advanced Pension Solutions, a third-party retirement plan administration firm in Blacklick, Ohio and Louisville, Ky.

“This agreement fits very well with Pentegra’s plan for continued growth in the third party administrative services area.  Consistent with other acquisitions over the last several years, this arrangement supports our strategic objective of expanding market share. Along with its strong administrative capabilities, the acquisition of Advanced Pension Solutions adds even greater regional depth and scale to the Pentegra organization, and further broadens our bench strength, capabilities and services,” said Robert Albanese, president and CEO of Pentegra. “Advanced Pension Solutions brings a unique combination of technology and retirement plan consulting services that integrates both people and processes. Their approach to providing retirement plan solutions really complements our service strategy.”

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