PB Mares Hires Two Partners to Expand Retirement Plan Services

Newport News, Va.-based PBMares (FY18 net revenue of $41.4 million) has admitted two new partners to lead the retirement plan services team. Gary Kitts and Cindy Kochersperger will operate out of the firm’s Norfolk, Va., location.

“Their years of experience combined with their technical and industry knowledge will undoubtedly aid our growth,” says CEO Alan Witt. “They are problem-solvers and solution-providers and are valued resources for PBMares’ clients seeking retirement plan design, administration and audit services.”

Kitts has led a retirement plan third-party administration practice serving more than 1,200 plans. Areas of expertise include compliance services and employee benefit plan audits under the laws and regulations of the Employee Retirement Security Act of 1974, or ERISA, the IRS and the U.S. Department of Labor.

Kochersperger has served as a partner in retirement plan administration. Focusing on 401(k) and profit-sharing plans for businesses of all sizes, she consults with clients on plan design and assists with plan administration and compliance. Areas of expertise include daily valuation products, investment platforms and traditional balance forward plans.

The expanded PBMares practice includes administration services, benefit plan-related tax compliance services and a portion of its employee benefit plan audit services.

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