Polycomp Administrative Services, Inc.
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Polycomp Administrative Services, Inc. - overview
Established
1974
Location
Roseville, CA, US
Primary Industry
Business Support Services
About
Polycomp Administrative Services, Inc. provides specialized plan design and administration services tailored for the retirement industry, enhancing retirement plan management for businesses and advisors across the United States. Polycomp Administrative Services, Inc. , founded in 1974, is headquartered in Roseville, US.
The company focuses on offering comprehensive retirement plan administration services. In October 2017, Ascensus, LLC acquired Polycomp, completing the transaction in November 2017. The founder's history is not publicly noted, and there is no mention of any subsidiaries or previous funding rounds prior to the acquisition. The firm has been involved in a total of three deals, with the most recent deal occurring on October 23, 2017.
The firm has raised a total of EUR 50. 00 mn, with the latest funding round being an Unspecified Exit. FuturePlan by Ascensus specializes in comprehensive plan design, administration, and compliance services for the retirement industry. They offer a range of retirement plans, including 401(k), 403(b), and Defined Benefit Plans, among others.
Their independent status allows collaboration with over 30 recordkeepers, providing flexible solutions for a diverse client base, including large and small organizations and individual advisors. FuturePlan's revenue model is based on service fees for managing and ensuring compliance of retirement plans through B2B transactions. These typically involve one-time setup fees for new plans and ongoing service fees that can vary based on the complexity of the services, such as compliance resolution and fiduciary services. The revenue is generated from the administration of client retirement plans, focusing on delivering quality service.
Polycomp plans to leverage recent funding from the October 2017 acquisition to enhance its service offerings and possibly explore new market opportunities. While specific upcoming products and geographic expansion details are not disclosed, the integration under Ascensus may present new avenues for growth and innovation in retirement solutions.
Current Investors
Ascensus
Primary Industry
Business Support Services
Sub Industries
Consulting Services
Website
www.polycomp.net
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Polycomp Administrative Services, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Polycomp Administrative Services, Inc. | - | ||||||||
| Unspecified Exit | Completed | Polycomp Administrative Services, Inc. | - | ||||||||
| Buyout | Completed | Polycomp Administrative Services, Inc. | - |
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