Prime Pensions, Inc., a rapidly expanding provider of retirement plan administration and compliance services, has announced the appointment of Mark Cantin as its new chief executive officer.
The move marks a strategic leadership transition for the Florham Park-based firm as it seeks to capitalize on the increasing demand for outsourced retirement services. Cantin, a seasoned executive with over 35 years of experience in the financial services and insurance sectors, joins a leadership team that has already established Prime Pensions as a dominant independent player in the Northeast and beyond.
Cantin arrives at Prime Pensions with a pedigree of leadership at some of the industry’s largest institutions. His background includes:
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Brightway Insurance: Served as CEO of the national personal and commercial lines franchisor.
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QBE North America: Member of the executive committee and President of Field Operations for one of the world’s top 20 insurance groups.
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USI Insurance Services: Chief Marketing Officer for one of the largest domestic brokers in the U.S.
Founder and President Scott Feit noted that Cantin’s expertise in both organic growth and aggressive acquisition strategies was a primary driver for the hire. “Mark’s diverse experience… will help us accelerate a number of growth vectors,” Feit stated. “His leadership in scaling high-growth financial services firms will help position the Company for continued market leadership.”
The retirement industry is currently facing a surge in complexity due to shifting federal compliance standards and the growing administrative burden on small-to-medium-sized businesses. Prime Pensions has carved out a niche by providing specialized third-party administration (TPA) and consulting services that larger payroll providers often overlook.
“There is tremendous opportunity… particularly with the growing need for outsourced administrative and compliance services,” Cantin said. “I am excited to help fulfill our vision… by further cementing Prime Pensions as the leading partner in the retirement ecosystem.”
Based at 180 Park Avenue in Florham Park, Prime Pensions is situated in one of New Jersey’s premier corporate corridors. The company’s growth trajectory has been fueled by a series of strategic acquisitions over the past several years, aimed at consolidating the fragmented retirement plan administration market.
