Mark Maselli Assumes CEO Role at Prime Pensions Amid Rapid Growth

Prime Pensions' Leadership Transition

Prime Pensions, Inc., a prominent player in the retirement plan industry, has made a significant leadership change by appointing Mark Maselli as its new Chief Executive Officer. This strategic move, announced on January 22, 2025, reflects the company's ambition to further enhance its services in retirement plan administration, consulting, and compliance. Maselli's extensive experience positions him well to guide the firm through its next growth phase.

A New Era for Prime Pensions

With nearly four decades in the employee benefits sector, Maselli is no stranger to the challenges and dynamics of retirement services. He has been a vital part of the Prime Pensions Board since February 2024, and his deep understanding of the industry is expected to drive the firm’s success.

Scott Feit, the company's founder, will continue to play a crucial role as President, focusing on sales, business development, and growth initiatives, both organic and through acquisitions. According to Feit, this transition couldn’t have come at a better time, given Prime Pensions' impressive growth trajectory. He emphasizes the need for consistent leadership to support the company's continuous advancement.

Maselli’s Robust Background

Mark Maselli’s previous roles illustrate a seasoned professional who not only understands the industry but has also led substantial teams. With 20 years at Willis Towers Watson, Maselli held the position of Managing Director and led the North American sector, handling $900 million in revenue and a workforce of 1,000 employees. His experience also includes being a partner at PricewaterhouseCoopers and Kwasha Lipton, starting his career in the actuarial field.

As Maselli embarks on his journey as CEO, he has expressed his enthusiasm for working with the talented team at Prime Pensions. In his words, “Scott built an industry-leading business with a differentiated approach to client service. Prime is the platform of choice in the retirement sector.” His acknowledgment of the company’s culture and operational strength suggests a promising future where innovation and client service remain at the forefront.

A Vision for the Future

With this leadership transition, Prime Pensions stands at a pivotal point. Both Feit and Maselli envision a future where the firm not only maintains its current standing but also expands its influence in the retirement administration space. As they align on growth strategies, the synergy between their leadership styles is likely to guide the company towards achieving its broader aims.

This seamless transition is expected to fortify Prime Pensions’ commitment to excellence and innovation, ensuring they remain competitive in a rapidly evolving industry. The firm’s dedication to better client outcomes and its robust service portfolio set a strong foundation for Maselli as he takes the helm.

In conclusion, the appointment of Mark Maselli as CEO of Prime Pensions marks a significant milestone in the firm’s history. With leadership focused on strategic growth and client satisfaction, Prime Pensions is poised to enhance its reputation as a top-tier provider of retirement solutions. Stakeholders and clients alike can look forward to the new chapters that lie ahead under Maselli’s guidance.