About Downeast Pension Services
Downeast Pension Services is a company based in New Gloucester (United States) founded in 1992 was acquired by NBT Bank in April 2017.. Downeast Pension Services offers products and services including Retirement Plan Administration, Fiduciary Services, and Plan Design Services. Downeast Pension Services operates in a competitive market with competitors including MetLife, Pacific Life, Voya Financial, Jackson and Horace Mann, among others.
- Headquarter New Gloucester, United States
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Sectors
Financial Services
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Phone
*********
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Website
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- Legal Name Downeast Pension Services, Inc.
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Products & Services of Downeast Pension Services
Downeast Pension Services offers a comprehensive portfolio of products and services, including Retirement Plan Administration, Fiduciary Services, and Plan Design Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages retirement plan setup and compliance for businesses
Provides oversight and guidance for retirement plan fiduciaries
Offers collaborative design of retirement plans for clients
Funding Insights of Downeast Pension Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Downeast Pension Services
Downeast Pension Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include NBT Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Operates as a retail and business community bank serving local customers.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Downeast Pension Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Downeast Pension Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Downeast Pension Services Comparisons
Competitors of Downeast Pension Services
Downeast Pension Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MetLife, Pacific Life, Voya Financial, Jackson and Horace Mann, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Internet-based life, health, auto, home, and pet insurance is offered.
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Insurance company
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Provider of pension fund for the employees based out of the US
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Retirement-focused investment management services are provided by the firm.
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Insurance and retirement products are offered to educators nationwide.
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Global life and health reinsurance services are provided worldwide.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Downeast Pension Services
When was Downeast Pension Services founded?
Downeast Pension Services was founded in 1992.
Where is Downeast Pension Services located?
Downeast Pension Services is headquartered in New Gloucester, United States. It is registered at New Gloucester, Maine, United States.
Who is the current CEO of Downeast Pension Services?
John Watt is the current CEO of Downeast Pension Services.
What does Downeast Pension Services do?
Downeast Pension Services was established in 1992 in New Gloucester, United States. Retirement and pension plan administration is handled as the core focus within the financial services sector. Services include plan management, compliance support, and consulting for employers and participants. Operations are centered in the U.S., with emphasis on defined benefit and contribution plans. Leadership is provided by CEO John Watt.
Who are the top competitors of Downeast Pension Services?
Downeast Pension Services's top competitors include Pacific Life, MetLife and Jackson.
What products or services does Downeast Pension Services offer?
Downeast Pension Services offers Retirement Plan Administration, Fiduciary Services, and Plan Design Services.
Who are Downeast Pension Services's investors?
Downeast Pension Services has 1 investor. Key investors include NBT Bank.