Alera Group Acquires Strategic Retirement Plan Consultants

Deerfield, IL (November 14, 2024) — Alera Group, a top national insurance and financial services firm, announced today an expansion of its Boston-area presence with the acquisition of Strategic Retirement Plan Consultants (SRPC), adding approximately $800 million of retirement plan assets under advisements for Alera Group’s Retirement Plan Services division. 

For 30 years, SRPC has served qualified plans in the Northeast and across the country. The firm is led by industry veterans Peter Klinkmueller and Steve Boudreau, who bring a hands-on, consultative approach to work across plan design, vendor selection and management, employee education, fee and service benchmarking, and fiduciary services including investment consulting and process design. 

“For decades, Peter and Steve have set the standard for dedicated service to plan sponsors, and we’re honored to welcome them to our team,” said Christian Mango, Executive Vice President and National Practice Leader, Retirement Plan Services. “Their work in the Northeast both augments our fast-growing retirement-plan business in the region and complements Alera Group’s strong presence in the Boston-area employee-benefits market.” 

SRPC has affiliated with The Waterford Group, an Alera Group Company based in Rochester, New York and focused on retirement plan services. 

“With Alera Group, Steve and I saw both a strong cultural fit and an opportunity to bring our practice to the next level,” said Klinkmueller. “We’re eager to collaborate with The Waterford Group regionally and the broader Retirement Plan Services team nationwide.” 

The SRPC team members will continue serving clients in their existing roles. Terms of the transaction were not announced.