Prime Pensions Appoints Mark Maselli CEO, Supporting Growth Plans
Portfolio - People | Jan 22, 2025 | Lightyear Capital
Prime Pensions, Inc., known for its rapid growth in the retirement plan administration sector, has announced the appointment of Mark Maselli as its new Chief Executive Officer, effective immediately. With an impressive 40-year tenure in employee benefits, Maselli's experience spans roles as a consulting actuary, client relationship manager, and senior executive, including 20 years at Willis Towers Watson. Here, he managed North American operations and co-headed their Global Health & Welfare consulting division, overseeing significant revenue and workforce. He also held senior positions at Towers Watson and PricewaterhouseCoopers. Prior to this role, Maselli served as the interim COO at Prime Pensions, contributing significantly to its leadership team. Scott Feit, founder and former CEO, continues as President, steering both organic and inorganic growth strategies, including M&A initiatives. This leadership transition aims to fortify Prime Pensions' trajectory in becoming a leader in retirement plan services. The company's strategy is supported by Private Equity Firm Lightyear Capital, evidencing robust investment and development backing.
Sectors
- Financial Services
- Private Equity
- Professional Services
Geography
- United States – Prime Pensions is based in Florham Park, New Jersey, and Mark Maselli's significant experience is with U.S.-based firms, influencing the retirement services market.
Industry
- Financial Services – This industry is relevant as it includes retirement planning and administration services offered by Prime Pensions.
- Private Equity – Relevant due to Lightyear Capital's involvement and potential investment in Prime Pensions.
- Professional Services – Includes consultancy services provided by Mark Maselli in his previous roles and as part of Prime Pensions' offerings.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prime Pensions, Inc. | Target company | Company | A provider of retirement plan administration, consulting, and compliance services. |
| Mark Maselli | Newly appointed CEO | Person | An experienced executive in the employee benefits sector set to lead Prime Pensions. |
| Scott Feit | President | Person | Founder of Prime Pensions, continues to drive growth and M&A strategies. |
| Lightyear Capital | Private Equity Firm | Company | An investor potentially backing the new leadership and growth strategy at Prime Pensions. |