Morningstar Retirement partners with NPPG to expand retirement plans

CHICAGO - Morningstar Retirement, part of Morningstar, Inc. (NASDAQ:MORN), announced Wednesday a strategic collaboration with NPPG Plan Professionals to deliver personalized retirement offerings through Pooled Employer Plans (PEPs) to small and mid-sized businesses. According to InvestingPro data, Morningstar currently trades below its Fair Value, with strong fundamentals including a perfect Piotroski Score of 9, indicating excellent financial strength.

The partnership will integrate Morningstar Retirement’s advisor managed accounts service into NPPG’s PEP offerings, making personalized retirement plans more accessible to employers who have traditionally been unable to offer such benefits.

According to the companies, approximately 56 million U.S. workers at small and mid-sized businesses currently lack workplace retirement plans. The collaboration aims to address this coverage gap by simplifying administration and lowering costs.

"Through our collaboration with NPPG, we’re democratizing access, bringing these strategies to a broader market, and helping more employees plan for retirement," said Nathan Voris, head of go-to-market at Morningstar Retirement, in a press release statement.

As the Pooled Plan Provider, NPPG will manage the administration of these PEPs, handling compliance, operational efficiency, and fiduciary oversight for participating employers. The company brings nearly three decades of experience in employee benefits and retirement planning.

Michael Salerno, CEO at NPPG, stated that the partnership is "enabling personalized, outcome-focused strategies designed to support long-term financial well-being."

The companies noted that advisor eligibility for the NPPG advisor managed accounts service will depend on each advisor’s home office policies.

Morningstar, Inc. provides investment insights globally and offers investment management services through its advisory subsidiaries, with approximately $352 billion in assets under management and advisement as of June 30, 2025. The company maintains a market capitalization of $9.35 billion and demonstrates strong financial health, as revealed by InvestingPro analysis, which shows multiple additional positive indicators available to subscribers.

In other recent news, Morningstar, Inc. has announced a significant acquisition, agreeing to purchase the Center for Research in Security Prices (CRSP) from the University of Chicago for $375 million. This acquisition will notably expand Morningstar’s index business, as CRSP Market Indexes are benchmarks for over $3 trillion in U.S. equities. These indexes are used by major funds, including those managed by Vanguard. In another development, Morningstar has announced a leadership change, with Chief Revenue Officer Daniel Dunn set to depart the company on November 21, 2025. Julie Willoughby, currently the head of global sales and a 25-year veteran of the company, will succeed Dunn as the new Chief Revenue Officer. These recent developments highlight Morningstar’s strategic moves in both expanding its business and ensuring leadership continuity.

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