The Retirement Advantage Acquires The Condon Company
APPLETON, WI, December 11, 2018 -- The Retirement Advantage, Inc. (TRA), an industry-leading national retirement services company announced today the acquisition of The Condon Company (TCC), a third-party administration firm, headquartered in Memphis, TN.
With the acquisition of TCC on November 30, 2018, TRA now has retirement plan professionals in 32 states to support its national base of clients, financial advisors and recordkeeping partners with customized retirement plan design, administration, consulting and fiduciary solutions.
"We are excited about joining forces with TRA and leveraging their scale and diverse suite of products and services to offer our clients and partners," said Mike Condon, President of TCC.
"We are delighted to announce the acquisition of TCC, which we are confident will help us move forward with achieving our key strategic growth objectives," said TRA's president Matt Schoneman. "It expands our geographic reach and market penetration in Tennessee and surrounding states."
"Over the past year TRA has successfully integrated Actuarial Consulting Services, Applied Plan Administrators and Markley Actuarial Services making The Condon Company the fourth to join forces with us in 2018," stated Schoneman.
About The Condon Company
Located in Memphis, TN and established in 1970, The Condon Company is a third-party administration firm. The firm's services include plan design and consultation services, full-service third-party administration for defined contribution and defined benefit plans.
About The Retirement Advantage
TRA, based in Wisconsin, is an independently owned third-party administration (TPA) firm that specializes in the administration, consultation and compliance of retirement plans for privately held businesses nationwide. Currently TRA provides service to more than 7,500 plan sponsors, with more than $8 billion in retirement Assets Under our Administration (AUA). To learn more about our industry leading solutions, please visit www.tra401k.com
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