NextStep Purchases Assets of BenefitStreet
SAN RAMON, CA, April 14, 2009 -- NextStep Defined Contribution, Inc. (NextStep), an independent provider of recordkeeping and administration services for 401k and other defined contribution plans, has acquired certain assets of BenefitStreet, Inc.
As part of the transition, NextStep will ensure the seamless continuation of operations as well as the ongoing service and support of all 401k and other defined contribution accounts on the former BenefitStreet platform.
The transaction was completed on Thursday, April 9, and BenefitStreet, Inc. ceased active operations on Monday, April 13.
Jerry Bramlett will serve as NextStep's President and Chief Executive Officer. The entire senior management team of BenefitStreet and virtually all its employees have transitioned to the NextStep organization.
Due to the seamless continuation of operations, there will be no change to the services that plan sponsors, plan participants, advisors and third party administrators currently receive.
About NextStep Defined Contribution
NextStep Defined Contribution, Inc. (NextStep) is an independent provider of recordkeeping and administrative services for 401k and other defined contribution plans. Through the use of leading-edge technology, the Company offers an innovative and comprehensive retirement solution for advisors, TPAs, plan sponsors and plan participants. The Company is located east of San Francisco in the Bay Area of Northern California. For more information about NextStep, please visit www.nextstepdc.com.
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