NFP, an Aon company, announced on January 22, 2025, its acquisition of Tycor Benefit Administrators, Inc. (Tycor), a multidisciplinary professional services firm based in Wayne, PA. This acquisition is set to grow NFP's presence in the greater Philadelphia market and enhance its offerings, particularly in retirement plan services and employee benefits. The principals of Tycor, Lauren Stuart and J. Timothy Corle, will join NFP as senior vice presidents.
Founded in 1980, Tycor has established itself as a diversified firm managing and advising on approximately $500 million in assets. Jessica Espinoza, managing director of Retirement in NFP's Atlantic region, highlighted the opportunity to expand NFP's ability to scale retirement plan advisory and third-party administration services nationally with Tycor's offerings. Tycor also provides wealth management services, financial planning, and individual insurance products.
Stuart and Corle expressed that joining NFP is an ideal next step for Tycor's evolution, allowing them to leverage NFP's wide array of human capital and employee benefits solutions. This integration is expected to bring significant value to business clients and their employees in the region, reinforcing Aon's commitment to expanding its comprehensive services.
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