Alera Group’s newest New England location will expand its expertise in employer provided benefits
The Alera Group continues to expand its geographic footprint with another agency acquisition in Massachusetts. The financial services and risk management company announced that is has acquired Cafeteria Plan Advisors, Inc. of Braintree.
“Cafeteria Plan Advisors’ dedication to client service makes them an excellent fit for Alera Group,” said Alan Levitz, CEO of Alera Group. “Not only will the company expand our footprint in the Northeast, but it will also strengthen our pre-tax employee benefits offering.”
Founded in 1989, Cafeteria Plan Advisors specializes in the administration of employee pre-tax benefits plans such as premium only plans and flexible spending accounts (FSA). As one of the leading “administrator of municipal flexible benefit plans in Massachusetts” the company currently operates plans in over 100 cities and towns across the Commonwealth.
“Our mission is to provide exceptional service to our clients and their employees in the administration of employer provided benefits. Joining Alera Group will allow us to continue expanding our mission through collaboration and resources, providing peace-of-mind for all of our clients and their employees,” said Jim Mellen, President of Cafeteria Plan Advisors, Inc.
According to the terms of the transaction, the Cafeteria Plan Advisors, Inc. team will continue on with the Alera Group after the completion of the acquisition. No further terms were disclosed.
