Rainier Partners has invested in Welfare & Pension Administration Service (WPAS), a leading third-party administrator specializing in multi-employer benefit plan management, to support its growth and service expansion.

Information on the Target

Welfare & Pension Administration Service (WPAS) is a prominent third-party administration (TPA) firm that focuses on the management of multi-employer benefit plans. Established in 1953, WPAS brings over 70 years of experience in delivering dedicated and high-quality service to these plans and their participants. With a robust client base, WPAS has grown to become one of the largest TPAs in its sector, specializing in servicing numerous Taft-Hartley trust plans throughout the United States.

Currently, WPAS plays a critical role in administering benefits for over 450,000 active members and their families, ensuring compliance with regulatory requirements while facilitating smooth access to health and retirement benefits. The firm is now set to leverage its strong foundation to expand its services to more multi-employer trusts nationwide following a strategic investment by Rainier Partners.

Industry Overview in the Target’s Specific Country

The landscape of benefits administration in the United States has become increasingly complex, particularly for multi-employer plans that require tailored solutions to cater to their unique needs. The de