Slavic401k Announces New Partnership with TriSpan LLP to Bolster Growth and Innovation in Retirement Savings Services
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BOCA RATON, Fla., May 16, 2024 ~ Slavic401k, a leading company in the retirement savings industry for multiple employer 401(k) plans (MEPs), has recently announced a significant investment from TriSpan LLP, a private equity firm focused on middle market companies. This strategic investment is expected to accelerate Slavic401k's growth and enhance its ability to help individuals achieve their retirement goals. The terms of the investment have not been disclosed to the public.

According to Baudoin Lorans, a partner at TriSpan, the firm is excited to partner with John Slavic and his team. TriSpan shares Slavic401k's vision and recognizes the potential in the retirement savings industry. Lorans also expressed support for Slavic401k's strategic growth initiatives and their core values of communication, collaboration, and culture.

John Slavic, founder and CEO of Slavic401k, stated that their company operates at the intersection of innovation and retirement. They are constantly seeking ways to improve their products and services for their clients and participants. The partnership with TriSpan will allow them to invest more in cybersecurity measures, furthering their commitment to educating individuals on protecting their data and assets from cyber threats. This dedication has been recognized by BitSight, a leading security ratings provider, who awarded Slavic401k with a score of 800 - placing them in the top 1% of financial service companies.

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In addition to cybersecurity enhancements, this partnership will also expand Slavic401k's SECURE 2.0 Tax Credit capabilities. This is expected to significantly increase new 401(k) plan formation and provide retirement savings benefits to thousands of American workers who currently do not have access to such resources.

John Slavic emphasized the importance of taking control of one's future as Social Security benefits are projected to run out by 2035 without intervention from Congress. By making 401(k) plans more affordable for small and medium-sized businesses, Slavic401k hopes to provide access to retirement savings accounts for thousands of workers who currently do not have access to workplace-sponsored plans.

McHenry Consulting served as the advisor to Slavic401k in this strategic investment. With this partnership, Slavic401k is well-positioned to continue its growth and commitment to helping individuals achieve their retirement goals.

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