Milliman announced that it has reached agreement in principle to acquire the business of Lawrence Johnson & Associates (LJA), a full service retirement and employee benefits consulting firm. The acquisition, which is in the form of an asset purchase, is expected to close on September 1, 2006.
LJA's services include design, implementation and administration of customized and flexible plans to meet the recordkeeping, administration, actuarial and compliance requirements of a nationwide clientele.
The entire LJA management team, including founder Lawrence R. Johnson, will remain in place, and will now conduct business under the name Milliman, Inc., from their offices in Oakland, CA.
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