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ExpertPlan Closes $8.275 Million Series C Financing Round Led by The Argentum Group and First Analysis

Company will use investment to continue accelerated growth

East Windsor, NJ (September 1, 2004) – ExpertPlan,, the leading provider of private labeled retirement solutions to the financial services industry, announced today that it has closed a $8.275 million Series C round of funding led by venture capital firms, The Argentum Group, New York, NY and First Analysis, Chicago, IL.
Current investors Meridian Ventures, Liberty Ventures, Milestone Ventures, BaseCamp Ventures, Gamma Investors, SeaCap Ventures, Next Level Ventures and Paddington Ventures also participated. Dan Raynor, Managing Director of The Argentum Group, will join ExpertPlan’s board of directors and Jim Macdonald of First Analysis will be joining the board as an observer.

ExpertPlan, one of the fastest growing retirement plan administrators in the US, will use the funding to accelerate organic growth and enhance its industry leading retirement services platform. ExpertPlan’s flexible, dynamic, and scalable recordkeeping platform offers asset management firms, banks, broker dealers, TPA’s, RIA’s and independent brokers the ability to network together to provide a comprehensive suite of retirement services products. Since its first full year of business in 2001, ExpertPlan has increased its revenues more than twelve-fold and grown its customer base from 129 active plans to more than 2,600.
“We are delighted with the addition of such top tier venture firms as The Argentum Group and First Analysis to our team, as well as the continuing strong support of all of our investors,” said Tim O’Brien, ExpertPlan’s President and CEO. “This round of funding will not only help us to continue to service our existing partners, but will enable us to roll out our Health Savings Accounts and Defined Benefit products by year end. We can not only grow to profitability, but we can now consider strategic acquisitions to continue to accelerate our already rapid growth.”

Daniel Raynor, a Managing Partner of The Argentum Group, stated, “ExpertPlan’s rapid growth and their continuing ability to combine major fund partners with a growing network of third party administrators, brokers and RIA’s make it’s service offering unique in the financial service industry and the clear leader in this growing market.”

About The Argentum Group
The Argentum Group, founded in 1987 (, is a New York-based private equity firm that provides capital to emerging growth companies for development, growth, and acquisition. Argentum, with total funds under management in excess of $350 million, has completed over 80 investments across a broad range of industries including business services, outsourcing, healthcare, and information technology. Argentum seeks to partner with strong management teams to build industry-leading companies. Argentum has provided funding to and played a significant role in developing many companies that have achieved leadership positions in their respective industries

About First Analysis
First Analysis ( is a leading private growth equity investor. It has one of the longest records (19 years) in private capital investing. It has invested over $530 million, has created over $1.34 billion in fund liquidations, and has over $145 million in active portfolio investments. First Analysis focuses on its three sectors of expertise: outsourced services, information technology, and chemistry-enabled businesses, investing for expansion and growth in small and mid-size companies with established business models, high internal growth rates, and large-market leadership potential. Its goal is to help these companies establish highly profitable leadership positions in their markets, assisting with strategy, recruitment, sales and marketing, and corporate development.

About Meridian Venture Partners
Meridian Venture Partners ( is a leading Mid-Atlantic private equity firm focused on investing in middle market companies with $10-100 million in revenues through buyouts, recapitalizations and expansion capital financings. Founded in 1987, the firm manages over $180 million in capital from its Radnor, PA offices. MVP leverages its professionals’ expertise and its capital by partnering with accomplished management teams to build successful companies. Deploying a sector-diversified portfolio strategy, MVP invests in industries including business services, healthcare, publishing and media, manufacturing, and consumer-related companies.

About Liberty Venture Partners
Liberty Venture Partners ( is a Philadelphia-based venture capital management firm specializing in information technology, health care, wireless infrastructure, and Internet technologies and services. Liberty specializes in early and growth stage investments in emerging companies particularly in the Mid-Atlantic region. Liberty invests in entrepreneurs who have a vision of building a large and valuable company. The goal is to work and partner with portfolio companies over the long term in realizing that vision.

About ExpertPlan
ExpertPlan,, is the leader in providing low-cost private labeled retirement solutions to the financial services industry. ExpertPlan’s proprietary technology offers its partners superior branding while integrating their existing marketing and educational resources. Asset management firms, banks, broker dealers, TPA’s, RIA’s and independent brokers all benefit from ExpertPlan’s flexible, dynamic, and scalable recordkeeping platform. The company has alliances with over 60 mutual fund companies and has over 70 private label partners. ExpertPlan is located at 50 Millstone Road, Building 400, East Windsor, NJ 08520, 609-918-2500. Financial professionals interested in obtaining additional information about ExpertPlan can call 866-929-2525.


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