HUB International Limited continues to bolster its retirement plan capabilities with the April 6 announcement that it has acquired the assets of 401(k) Advisors located in Wilmette, IL.
With $1.3 billion in assets under advisement, 401(k) Advisors provides retirement plan consulting services, assisting plan sponsors in the areas of plan design, benchmarking, investment advice, fiduciary compliance and participant outcomes. Stace Hilbrant, Managing Director of 401(k) Advisors, will join Hub Midwest West.
“Stace has an incredible background of managing diverse retirement plan clients and brings a great presence to our team in the Chicago area,” said Joe DeNoyior, President of Hub Retirement and Private Wealth.
Terms of the transaction were not disclosed. The acquisition of 401(k) Advisors is at least the fourth retirement-based deal announced by Hub in 2022, after announcing the acquisition of Taylor Advisors, Inc. in March, Kornerstone, Inc. in February and Raffa Financial Services in January.
