Ameritas

[ita]

Lincoln's Ameritas buys Florida retirement plan administrator

Matt Olberding
Ameritas Life Insurance Corp. announced Monday the purchase of a Florida-based retirement plan company.

The Lincoln-based company said it bought BlueStar Retirement Services Inc., of Ponte Vedra Beach, Florida, in a deal that closed Thursday. Terms of the sale were not disclosed.

BlueStar is a third-party administrator and record-keeper of company retirement plans, including 401(k) plans and multiple employer plans. The company serves about 75,000 participants and administers more than $4 billion in plan assets.

Ameritas said BlueStar will operate as a subsidiary, and sales and service teams from both companies will collaborate to ensure no customer disruption.

Nice to see a locally based company do the acquiring and not the other way around.

[Athomsfere]

Lincoln's Ameritas buys Florida retirement plan administrator

Matt Olberding
Ameritas Life Insurance Corp. announced Monday the purchase of a Florida-based retirement plan company.

The Lincoln-based company said it bought BlueStar Retirement Services Inc., of Ponte Vedra Beach, Florida, in a deal that closed Thursday. Terms of the sale were not disclosed.

BlueStar is a third-party administrator and record-keeper of company retirement plans, including 401(k) plans and multiple employer plans. The company serves about 75,000 participants and administers more than $4 billion in plan assets.

Ameritas said BlueStar will operate as a subsidiary, and sales and service teams from both companies will collaborate to ensure no customer disruption.

Nice to see a locally based company do the acquiring and not the other way around.

Agreed! A nice win for Lincoln IMO