Northwest Plan Services Acquires Kaufmann and Goble Associates

Friday, June 29, 2018

Acquisition of Kaufmann and Goble Associates Enhances Multi-Employer Plan Experience and Adds Actuarial Depth

Seattle, Washington – Northwest Plan Services, Inc. (“NWPS” or the “Company”) today announced the acquisition of San Jose-based Kaufmann and Goble Associates (“K&G”), solidifying the Company’s ability to meet growing demand for conflict free, unbundled retirement and health and welfare plan services.

NWPS provides a comprehensive suite of services for 401(k), profit sharing, defined contribution plans, defined benefit pension plans and other plan types. NWPS has built a premium reputation in the retirement plan recordkeeping and administration marketplace, now servicing approximately 1,050 plans nationwide with 370,000 participants and over $33.0 billion of assets under administration with the combination with K&G.

“We have a tremendous amount of respect for K&G, its principal and employees,” said Tim Wulfekuhle, President and Chief Executive Officer of NWPS. “Their multi-employer expertise will be a great addition to the services we can offer to our clients and advisors and their actuarial practice will add depth to our current practice. We are happy to be working with them.”
“Our capabilities complement each other extremely well,” added Sid Kaufmann, a co-founder of K&G. “We are excited to join the NWPS team and see stability for our clients and significant growth opportunities ahead, driven by the confluence of a strong market position, an industry leading service delivery model and the addition of people and technology resources.”

About Northwest Plan Services:
NWPS is a leading independent provider of retirement plan recordkeeping, actuarial and administration services. Founded in 1994 and headquartered in Seattle, Washington, the Company provides a comprehensive suite of services for retirement plans with an unbundled, open architecture platform that enables employers to offer their employees access to thousands of investment options. In addition to recordkeeping, administration, compliance and participant services, the Company provides consulting and employee communication services to a client base ranging from small to medium sized companies having 50 to 500 employees to large, Fortune 500 clients with tens of thousands of employees. NWPS services 401(k), 403(b), 457, ESOP and other types of defined contribution plans as well as defined benefit pension plans including cash balance plans. For more information, please visit www.nwp401k.com.

About Kaufmann and Goble Associates:
Established in 1977 and headquartered in San Jose, California, K&G primarily provides consulting and recordkeeping services to defined benefit, defined contribution, and health and welfare trusts for union-management trusts (i.e., multi-employer plans). They service 20 client relationships, with 50 plans and approximately 50,000 participants.

About WestView Capital Partners:
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as business services, software and IT services, consumer, healthcare technology and outsourcing and growth industrial. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $15 million to $60 million. For more information, please visit www.wvcapital.com.