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Prime Pensions
Scott Feit consolidated regional retirement TPAs into national firm Prime Pensions, handling 401(k) and pension plan administration since 1975.
Prime Pensions
Prime Pensions traces its roots to 1975 through a series of predecessor firms. Founder and President Scott Feit, a Certified Pension Consultant and Enrolled Retirement Plan Agent, led the combination of regional TPAs into a single national operation based in Florham Park, New Jersey. The firm designs, implements, and administers employer-sponsored retirement programs including 401(k) plans, profit-sharing plans, and pension plans. Its client base consists of employers and the financial advisors who serve them. Prime Pensions functions as a unified recordkeeping and compliance engine, managing plan documents, IRS filings, and distribution processing. The firm's geographic footprint recently expanded into the Southwest. Scott Feit, a former Arthur Andersen CPA and Bucknell University graduate, leads a team whose exact headcount is undisclosed. The firm publishes no AUM or assets-under-administration figure. Its growth strategy relies on acquiring regional retirement-administration books — a model that integrates fragmented TPA practices under a single operational brand. September 2023: Acquired The Raymond Company, a Phoenix-area TPA, establishing a direct presence in the Arizona market (per the firm, September 2023). Prime Pensions operates as a consolidator in the fragmented TPA industry, giving it a structurally different posture than a single-office retirement consultancy. By centralizing compliance, actuarial, and administrative services across acquired practices, the firm creates a national service platform that individual regional TPAs typically cannot match on their own.
General information
Firm type
Asset Manager
Year founded
1975
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Florham Park
Corporate office
Florham Park, NJ, United States
Principals
Scott Feit
Founder and President
Frequently asked questions
Who runs investment decisions at Prime Pensions?
Prime Pensions does not manage investment assets. It operates as a third-party administrator (TPA), handling plan design, compliance testing, recordkeeping, and IRS filings for employer-sponsored retirement plans. Investment selection for plan participants typically rests with the plan sponsor or their financial advisor.
How does Prime Pensions source new business?
The firm grows through direct acquisition of established regional TPA practices, as demonstrated by the September 2023 purchase of The Raymond Company in Arizona. It also maintains relationships with financial advisors who refer employer clients for plan administration.
What types of retirement plans does Prime Pensions administer?
Per the firm's public materials, it designs and administers 401(k) plans, profit-sharing plans, and pension plans. The firm's president, Scott Feit, has lectured extensively on 401(k) and pension structures and holds credentials as a Qualified 401(k) Consultant and Administrator.
Does Prime Pensions disclose its assets under administration or AUM?
No. The firm does not publish any assets-under-administration or assets-under-management figure. As a pure recordkeeping and compliance administrator, it typically measures scale by number of plans or participants rather than asset values.
What regulatory standing does Prime Pensions hold?
Scott Feit is an Enrolled Retirement Plan Agent (ERPA), authorized to represent companies before the IRS on retirement plan matters. He also holds designations from the American Society of Pension Professionals & Actuaries (ASPPA), including Certified Pension Consultant (CPC) and Qualified Pension Administrator (QPA).
How is Prime Pensions structured compared to a typical local TPA?
Prime Pensions is a national consolidator of regional TPA firms, combining multiple predecessor practices under a single operational entity. This differentiates it from a standalone single-office administrator by offering centralized compliance and administrative services across acquired offices in multiple states.
What is Primed Pensions' geographic footprint?
The firm is headquartered in Florham Park, New Jersey, and announced entry into the Arizona market with the acquisition of The Raymond Company in September 2023. It presents itself as having national scale through its combination of leading regional TPAs, though it does not list all office locations publicly.
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