The Internet-based company, under the direction of new CEO Julian Onorato, grew the amount of assets serviced by more than 40% to over $2 billion, increased the number of participants by 30% and added 12 new private label partners, including the rapidly growing Social(k) (www.socialk.com) retirement platform.
In addition, in October, ExpertPlan
was awarded the Philadelphia 100® award which honors the fastest growing, privately-held companies in the Greater Philadelphia region (www.philadelphia100.com).
One of the primary causes of the impressive growth was that ExpertPlan
was chosen by Sentinel Administrative Services, Inc.
, a member of the National Life Group
, to serve as the preferred provider to a block of more than 320 small-and mid-sized 401(k) plans, representing assets under management in excess of $115 million.
Onorato, formerly President and COO, officially took the titles of CEO and Chairman on January 1st, 2007.
Prior to joining ExpertPlan, he was Senior Vice President of Operations, Client and Technical Services for ADP Retirement Solutions.
Onorato plans to expand ExpertPlan's labor force and increase its presence in the payroll sector.
"We are a strong company internally, with the best technology and know-how in the industry, and we are now ready to take the next step into new arenas," he