Ameritas acquires BlueStar Retirement Services

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LINCOLN, Neb., Oct.4, 2021 / PRNewswire / – Ameritas Life Insurance Corp. announces the acquisition of BlueStar Retirement Services, Inc., effective September 30, 2021. Terms of the agreement are not disclosed.

“Ameritas and BlueStar share a commitment to excellent customer service,” said Bill Lester, President and CEO of Ameritas. “Coming together creates opportunities to serve more people, drive growth and continue to create momentum in our pension business.”

Founded in 1991, BlueStar is a full-service archivist and third-party administrator headquartered in Florida. BlueStar specializes in open architecture pension plans based on a proprietary high-tech, high-level service delivery model. In addition to the traditional 401 (k) plans, BlueStar is a leading provider of MEPs. They currently serve approximately 75,000 members and administer over $ 4 billion in plan assets.

“This is an exciting time for the Ameritas Pension Division,” said Jim Kais, senior vice president of Ameritas and chief executive officer. retirement plans. “Integrating BlueStar’s capabilities with ours will provide advisors with an open architecture platform with multiple services and technologies. We are deepening our expertise in specialized markets such as the group plan market. This is especially important as this market is experiencing significant growth and few suppliers have solid experience or capabilities in this space. “

“Ameritas and BlueStar share a commitment to excellent customer service,” said Bill Lester, President and CEO of Ameritas. “Coming together creates opportunities to serve more people, drive growth and continue to create momentum in our pension business.”

BlueStar will operate as a subsidiary of Ameritas Life Insurance Corp. BlueStar and Ameritas sales and service teams will begin working together immediately to ensure existing customers are uninterrupted.

“We have taken an important step in BlueStar’s journey,” said Tim Werner, Founder and President of BlueStar. “Our goal has been to provide cutting-edge, intelligent and transparent services to our advisors and partners. By joining Ameritas pension plans, our group models will deliver the stack of solutions and service excellence that we are committed to providing.

About AmeritasAmeritas is a trade name for Ameritas Mutual Holding Company and its affiliated subsidiaries, including Ameritas Life Insurance Corp. and Ameritas Life Insurance Corp. from New York. Founded in 1887, Ameritas offers a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability insurance; group dental insurance, vision and hearing care; retirement plans; investments; asset Management; and public finances. Securities offered through the affiliate Ameritas Investment Company LLC., A member of FINRA / SIPC and investment advisory services offered under the trade name of Ameritas Advisory Services. For more information visit ameritas.com.

About BlueStar Retirement ServicesBlueStar is an integrated registrar and third party administrator of defined contribution and defined benefit plans, headquartered in Ponte Vedra, Florida. With nearly 20 years of experience in multi-employer plans, BlueStar is a nationally recognized expert for MEPs from PEOs and associations. BlueStar is a service-driven organization that leverages its proprietary technology solutions to deliver exceptional customer and attendee experiences. For more information visit bluestarretirement.com.

Contact:Ann AveryAmeritas Life Insurance Corp. 402-467-7819 [email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ameritas-acquires-bluestar-retirement-services-301391393.html

SOURCE Ameritas


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