Lakeland, FL – MidAmerica Administrative & Retirement Solutions, LLC (MidAmerica) has joined U.S. Retirement & Benefits Partners (USRBP) as a Partner Firm after being sold by San Francisco-based private equity firm, Alpine Investors. The announcement was made on January 3, 2022.

MidAmerica was founded in 1995 in Lakeland, FL to provide FICA Alternative programs to public sector employers such as K-12 school systems, colleges and universities, and law enforcement and public safety agegncies. Over the years, MidAmerica has experienced dramatic growth, increasing their footprint across the U.S. and expanding their core business to include additional retirement programs as well as health and welfare solutions—still remaining focused entirely on the public sector market.

As a member of USRBP, MidAmerica joins other Partner Firms specializing in employee benefits that complement their products and services while providing MidAmerica with an opportunity to increase market presence and continue their mission of delivering best-in-class service and quality retirement and wellness products to public sector employers and employees across the country.

“USRBP has deep-rooted relationships and expertise across the public sector through many of its established Partner Firms,” said Jim Tormey, MidAmerica’s President & CEO. “MidAmerica’s high quality products and services will strengthen USRBP’s already compelling offering; together, we’ll bring more impactful solutions to the ever-deserving employers and employees who do so much to take care of our communities. The partnership with USRBP is a terrific fit and I’m excited for MidAmerica’s next chapter.”

About MidAmerica Administrative & Retirement Solutions, LLC
MidAmerica was established in 1995 to take care of those who do so much to take care of our communities. For more than 26 years, MidAmerica has served public sector employers and their employees by providing impactful solutions for some of their toughest issues: rising health care costs, high post-employment liabilities, and attracting/retaining talent.

Currently serving more than half a million public sector employees across the country with $1.6 billion in assets under management, MidAmerica is one of the nation’s leading providers of FICA Alternative and Special Pay Plans, Health Reimbursement Arrangements, Flexible Spending Accounts, and Trusts. To learn more about MidAmerica, visit www.myMidAmerica.com.

About U.S. Retirement & Benefits Partners

U.S. Retirement & Benefits Partners, with headquarters in Iselin, NJ, is one of the nation’s largest independent, national financial services firms specializing in employee benefit and employer-sponsored retirement plans in the K-12 public school, governmental, corporate, and non-profit markets. USRBP serves more than 12,500 employer groups with 3 million participants through 50 regional Partner Firms. For more information, visit www.usrbpartners.com.

About Alpine Investors

Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $1 billion seventh fund. For more information, visit http://www.alpineinvestors.com.

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