PSA Insurance & Financial Services today announced the acquisition of the Baltimore office of Alliance Benefit Group Mid-Atlantic (ABG), a leading provider of employee retirement programs. The acquisition adds depth, expertise, and new services to PSA while building upon the company's vision to serve businesses of all sizes in property and casualty insurance, employee benefits, and retirement plan services.
PSA will gain more than 20 employees who are experts in retirement plan design and administration, along with a book of business that includes large companies with up to $50 million in retirement plan assets.
"This is an important and exciting day for PSA as we build on our commitment to growth and welcome the exceptional team from the Baltimore office of ABG Mid-Atlantic," said PSA Senior Vice President of New Business Development, Ed Kushlis. "To date, our retirement planning services have focused on the needs of the small-to-medium business market.
