Blue Ridge Associates announced today that it has acquired Qualified Retirement Plan Services, Inc. (QRPS) based in Raleigh, North Carolina.
Founded in 1988, QRPS manages over 1,000 retirement plans that serve more than 31,000 participants, with assets exceeding $2 billion, primarily within the small and middle-market business community.
In comparison, Blue Ridge Associates manages 8,700 plans, serving over 875,000 participants.