Prime Pensions completed the acquisition of Presberg Pensions.

Prime Pensions, an independent provider of retirement plan compliance and administration services primarily to small and medium-sized businesses, completed the acquisition of Presberg Pensions, a third-party administrator of retirement plans. Financial terms were not disclosed. "California and the West Coast represent a critical market in our nationwide expansion strategy. The strategic acquisition of Presberg strengthens our presence in the largest small business state and aligns with our mission to provide high-touch, customized services to retirement plan sponsors across the U.S. We are committed to pairing local expertise with national resources, ensuring that plan sponsors and financial advisors receive exceptional service, broader capabilities, and long-term support," Scott Feit, Prime Pensions Founder and President.