Prime Pensions Appoints Maselli as CEO Amid Expansion Plans
People | Jan 24, 2025 | EIN
Prime Pensions, a leading provider of retirement plan administration, consulting, and compliance services, has appointed Mark Maselli as their new CEO. With over 40 years of experience, including a high-level role at Willis Towers Watson, Maselli assumes leadership as the company positions itself for further growth. Scott Feit, the company's founder, will continue as president, focusing on both organic and inorganic growth strategies, including mergers and acquisitions. The transition is seen as a step to further solidify the company’s market position and ensure continued success through best-in-class leadership. Maselli's vast experience and his contributions as the interim Chief Operating Officer, enhancing the executive team, make him well-suited for the CEO role. He plans to work closely with the executive team and the board to scale the company further.
Sectors
- Financial Services
- Professional Services
Geography
- United States – Prime Pensions is based in Florham Park, USA, and aims to become a leading firm nationwide in the retirement services sector.
- North America – Maselli's previous role involved managing North American operations, indicating a focus on this region for Prime Pensions' business activities.
Industry
- Financial Services – Prime Pensions operates within the financial services sector, specifically focusing on retirement plan administration, consulting, and compliance services.
- Professional Services – The professional services industry is relevant here as Maselli's background involves consulting and client management, which are key aspects of Prime Pensions' offerings.
Financials
- $900 million – Revenue overseen by Mark Maselli in his previous role at Willis Towers Watson.
- 1,000 employees – Number of employees managed by Mark Maselli while co-heading the global health & welfare consulting business at Willis Towers Watson.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prime Pensions, Inc. | Company | Target | A company providing retirement plan administration, consulting, and compliance services. |
| Mark Maselli | CEO | Person | Newly appointed CEO of Prime Pensions, with 40 years of experience in employee benefits. |
| Scott Feit | President | Person | Founder of Prime Pensions, he will continue to lead the company's growth initiatives. |
| Willis Towers Watson | Former Employer | Company | Maselli's previous employer where he held a significant leadership role. |