SaveDaily Incorporated today announced it acquired Aspen Pension Administrators, Inc., a national third party administrator based in Albuquerque, New Mexico.

Financial terms of the deal were not disclosed.

"Aspen Pension Administrators has a long standing reputation for delivering customized qualified plan services at lower than average costs to associated employer groups," said Jeff Mahony, President and CEO of SaveDaily. "This acquisition gives SaveDaily a number of relationships with well-established and respected pension plan providers and advisory firms, and significantly expands our expertise, capability sets, and product offerings in the qualified investment arena."

Aspen will be renamed SaveDaily Administrative Services and be maintained as a wholly owned subsidiary of SaveDaily. SaveDaily Administrative Services will embark on a new business model positioned to service other third party administrators in the qualified pension industry. Jeff Mahony stated, "Under this new model, SaveDaily Administrative Services will manage all the back office activities of client administrators which will free them to focus on plan design and administration and development of plan sponsor and plan participant relationships. We’ll efficiently manage the day-to-day and year-end support activities for administrators so that they can focus on the tasks that produce the most value for their clients."

Aspen was founded in 1995. Aspen customers include multi-national, large domestic, and small domestics companies in a variety of verticals. Current Aspen clients will benefit from expanded record-keeping services made possible by the integration into SaveDaily. These clients will continue to receive the same high-quality services they’ve become accustomed too.

About SaveDaily

SaveDaily’s LiquidFinance(sm) Platform is a full-service open-architecture record keeping technology providing the HSA, defined contribution and asset management markets with a feature rich, ultra-low cost, easy to use, and easy to deploy investment platform. The platform can be private labeled and provides participants with ‘no minimum’ investment opportunities, daily valuations, full-featured web access, and a customized list of preferred mutual funds and mutual fund models actively managed by third party money managers. For more information, visit http://www.savedaily.com.

Contact:
James Nickles
SaveDaily
3020 Old Ranch Parkway, Suite 140, Seal Beach, CA 90740
562-795-7500