Shrewsbury, NJ – February 25, 2021 – National Professional Planning Group, Inc. (NPPG) a national employee benefits, retirement planning, actuarial consulting and fiduciary services group announced that is has acquired The Vargo Company (Vargo) of Erie, Pennsylvania. The acquisition further promotes NPPG’s growth and expansion initiative as one of the country’s fastest growing and most versatile employee benefit firms.
NPPG, with offices currently in New York, New Jersey, Florida, Michigan, Texas and now Pennsylvania has been a market leader in employee benefits and retirement plan services since 1997 and added administrative fiduciary services in 2014.
The Vargo Company is an independent, full service third-party administration firm with over 100 years of combined experience in administering Defined Contribution Plans and Employee Stock Ownership Plans.
“It is our sincere pleasure to welcome the Vargo team and their clients into the NPPG family of companies. John Sample, the former Vargo owner, has joined NPPG’s management team and will continue to guide retirement plan administration efforts in our PA office,” stated Michael Salerno CEO and Founder of NPPG. Mr. Salerno continued “John and his team now have the full support of the NPPG compliance and legal staff as well as our established proprietary technology and automation that is the driving force behind our growth”.
“I am very pleased with the sale of The Vargo Company to NPPG.” explained John Sample, owner of The Vargo Company. “After providing more than 20 years of service to local and regional businesses and professionals in the Erie community, I am extremely eager to move forward with this next step. While pursuing a potential sale, I was looking for another company with similar culture and a strong commitment to the Vargo employees and the Erie community alike. I found a perfect fit with NPPG. We look forward to providing our clients with the excellent service to which they have grown accustomed and through the pairing with NPPG are excited to be able to offer new services and technologies. I believe that my late Partner, and founder, Kris Vargo, would share in my excitement.”
NPPG and its affiliate companies offer full-service employee benefit consulting, retirement planning, actuarial consulting and ERISA fiduciary services. NPPG handles more than $5 billion in assets and more than 4,000 plans for clients nationwide. A full suite of compliance services includes Affordable Care Act (ACA) consulting, ERISA 3(16) administrative fiduciary services, retirement plan third party administration including Multiple Employer Plans (MEP’s), Pooled Employer Plans (PEPs) as well as overall regulatory consulting and plan correction. NPPG customizes solutions to meet business and financial goals of their clients. NPPG clientele is made up of members of the New York Stock Exchange and NASDAQ, non-profit organizations, Fortune 500 companies, government agencies, as well as small entrepreneurial businesses, associations, and Professional Employer Organizations (PEOs). For further information, contact National Professional Planning Group, Inc. corporate office in Shrewsbury, New Jersey at (732) 758-1577.