The consolidation of the retirement plan business has not let up
Smart, a British company that is about to launch a pooled employer plan in the U.S. this year, is buying Stadion Money Management.
Stadion’s business includes more than 4,000 retirement plans and $2.3 billion in assets under management.
Smart is planning to start off with a plan service slated to launch in July, it is also considering the groups of plans model, along with a PEP and “cookie-cutter” style single-employer plans.
