Rick Block Acknowledges the Two Firms’ Shared Values Regarding Client and Employee Satisfaction
Tucson, AZ – June 30, 2021 – Pinnacle Plan Design LLC, a national provider of qualified retirement plan design, administration and actuarial consulting services, announces that it has acquired Block Consulting Actuaries, Inc., a third-party administration and actuarial consulting firm in El Segundo, CA.
Block Consulting Actuaries, Inc. was founded in 1983 by Helen Block, MSPA. In 1986, Helen’s husband and fellow actuary Rick Block, FSEA, FCA, ASA, MAAA formally joined the firm and has since become an icon in the retirement plan industry. The two worked side-by-side until Helen’s retirement in 2020. Rick and all of the Block Consulting Actuaries, Inc. staff members will join the Pinnacle Plan Design team and will continue to serve their clients, as well as their key referral sources.
“It is very important to me, as I look closer to my own retirement, to make sure that even after my retirement, our clients continue to receive the service they’ve become accustomed to,” said Rick Block. “Additionally, it is important that our Block Consulting Actuaries, Inc. team members are taken care of and have the opportunity to continue to work for a high-quality firm long after my eventual retirement. Due to my personal relationships with Pinnacle’s actuarial partners and the firm’s excellent reputation in the industry, Pinnacle has my full confidence in being able to deliver on these two crucial requirements of mine.”
“I’ve known Rick for 25 years now,” said Kevin J. Donovan, CPA, EA, FSEA, FCA, Managing Member of Pinnacle Plan Design. “When I started Pinnacle 20 years ago, I aspired to build a company that obsessed over technical expertise, client service, and employee satisfaction the way Block Consulting Actuaries did and continues to do. Here in 2021, I am proud of the similarities between our two firms in this regard and I know those shared values will result in a positive experience for our clients and employees.”
Rick Block and the entire Block Consulting Actuaries team will continue to serve their clients and key referral sources from their current office. With this acquisition, Pinnacle now has seven enrolled actuaries (EA) and 36 professionals on staff to design and administer customized 401(k)/profit sharing plans and defined benefit plans for their clients.
About Pinnacle Plan Design, LLC
Pinnacle Plan Design is a national provider of qualified retirement plan consulting, design, administration and actuarial services. The firm collaborates with employers, accountants, financial advisors, and other third-party administrators to offer traditional defined benefit, cash balance, 401(k), and profit sharing plans. Pinnacle’s leadership and professional staff have earned numerous industry certifications and designations including: Certified Public Accountants (CPA), Enrolled Actuaries (EA), Members and Fellows of the Society of Enrolled Actuaries (MSEA/FSEA), Enrolled Retirement Plan Agents (ERPA), Qualified Pension Administrators (QPA), and Qualified 401(k) Administrators (QKA). Pinnacle Plan Design is headquartered in Tucson, AZ and serves businesses nationwide. For more information, click here.