Matthews Benefit Group

Matthews Benefit Group specializes in providing tailored retirement plan solutions, offering services that streamline plan administration, compliance, and design for various retirement plans. Matthews Benefit Group, founded in 1978 and headquartered in St. Petersburg, US, focuses on retirement plan management. In December 2016, the company was acquired by Ascensus, a portfolio company of Aquiline Capital Partners and Genstar Capital Partners.

Gregory Matthews, the CEO, has played a significant role in the company's direction since its inception, guiding its operations and offerings. FuturePlan by Ascensus delivers a comprehensive range of retirement plan services, including 401(k), 403(b), 457, Cash Balance, Defined Benefit, Group Retirement, and Nonqualified Deferred Compensation plans. As a neutral Third-Party Administrator (TPA), it partners with over 30 recordkeepers to provide flexible solutions that align with client objectives, serving a diverse clientele across the United States and Canada. FuturePlan by Ascensus generates revenue through service fees related to plan administration and compliance consulting in a B2B model.

Clients engage the firm to manage their retirement plans, paying fees based on specific services rendered. This creates a predictable revenue stream as clients renew contracts for ongoing administration and compliance support. Following its acquisition in December 2016, Matthews Benefit Group aims to expand its service offerings and enhance its market presence. The company is currently designing new products to be launched in the coming years, although specific release dates are not disclosed.

FuturePlan is also assessing opportunities to penetrate new geographic markets, focusing on regions within North America. The recent acquisition funding is expected to support these growth initiatives, enabling the firm to enhance its capabilities and infrastructure.