Great Bend, K.S.-based CPI Qualified Plan Consultants, a third-party admnistrator for retirement plans, has named Jon Prescott as its president.

Since 2004, Prescott served as the business’ chief marketing officer, responsible for the unit’s marketing & sales division, which consists of 16 regional consulting offices and a home office.

Before that, he served as vice president of national sales, creating more than 35 proprietary and co-branded 403(b), 401k, and nonqualified deferred compensation programs for CPI and its strategic alliance firms, growing CPI from roughly $120 million in assets under management, and less than 500 clients, to more than $6 billion in assets, and over 4,000 clients.

Kevin Thompson, CPI's chief executive officer, stated that "Jon brings a deep knowledge and understanding of the retirement industry to the position."

Prescott, in a statement, said that CPI is well positioned for growth in the small to mid-size retirement plan market. "We have the resources, credentials and award-winning recordkeeping capabilities to support financial advisers who have made retirement plans part of their business model,” he stated.

CPI and its parent company, CUNA Mutual Group, currently provide services to more than 8,000 retirement plan clients and their financial advisers.


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