SummitProfessional Networks, the parent of BenefitsPro.com, acquiredPension Data Resources Inc., known best in the industry by itsPensionPlanet.com brand.

Founded in 1987, Pension Data provides Form 5500 pension/retirementplan data and information services to individual financialadvisors and large financial institutions.

Summit also owns Judy DiamondAssociates, a leading provider of retirement and health planprospecting and analysis tools.

The company’s combined product portfolio, which includes Summit’sRetirement Plan Prospector and PDR’s ERISA Red Book Online, willoffer solutions to every facet of the qualified retirement planmarket, from prospecting to sales training to competitive analysisand strategic planning.

“The team at Pension Data Resources has built a very robust productset with great functionality and a long-standing history ofenterprise services,” said Jeff Patterson, who oversees Summit’sInsurance and Benefits Networks and its retirement data business.“In addition to aggressively expanding our strength in the largeenterprise segment of our business, this acquisition willenable us to bring expanded services to our individual customers aswell.”

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As part of the acquisition, Sam Sarcone, PDR’s founder andowner/principal, will join Summit as president of the PensionPlanetdivision of Judy Diamond Associates.

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“I’m pleased to have Sam Sarcone join our organization. Sam hasbuilt PDR into a valued industry resource,” Patterson said.“He is a respected expert in this field and has helped manycompanies grow their retirement plan businesses. His expertise andsales practice consultation will be a valuable addition for ourcustomers.”

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“We look forward to becoming part of the Summit family,” Sarconesaid. “Along with the clear synergies between Judy Diamond andPensionPlanet.com, Summit’s broad presence in the qualified plansmarketplace will enable us to continue to grow and innovate ourresearch, sales and reporting products at the next level.”

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