Lincoln Trust Company has completed the acquisition of Fringe Benefit Administrators, an independent, third-party retirement plan administrator based in Metairie, La. Servicing more than 2,300 qualified plan clients and administering more than $9.5 billion in assets, the combined company will focus on providing businesses and retirement plan advisors with better and more comprehensive plan administration, plan design and consulting services. FBA also shares Lincoln Trust's philosophy of open architecture and fee transparency and adds a strong presence in the southeastern United States.
Denver-based Lincoln Trust provides trust, custodial, recordkeeping and administration services to open architecture 401(k) plans and other defined contribution plans.
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