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.

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.

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.

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.

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).

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.

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.