Public-school benefits firm expands footprint into Pa.

Iselin-based U.S. Retirement Partners, an independent specialist in providing retirement plans and employee benefits to K-12 public schools, announced Monday that it has expanded its footprint into Pennsylvania.USRP has acquired Kades Margolis Corporation, headquartered in Wayne, Pennsylvania, which provides the same type of benefits as USRP.

“We are excited to join USRP. It will create an opportunity for us to provide an even greater number of services to our school district clients and their employees,” KMC’s Ed Margolis, president, and Randy Aranowitz, executive vice president, said in a joint statement. “USRP’s practice management programs and tools are very comprehensive. They will enable our advisers to become more productive, as well as deliver a higher level of service to their clients.”

“KMC is one of the dominant 403(b) providers to school district employees in Pennsylvania,” Bob Dughi, executive chairman of USRP, said in a prepared statement. “We have known Ed and Randy for more than two decades, and have always admired the high quality organization they have built. We are delighted to have them join the USRP team.”

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