Client Profiles

Employee benefit issues can be like a kaleidoscope – change the facts or the perspective just a bit and an entirely new picture emerges The following profiles demonstrate how perspective and technical expertise can combine to create positive outcomes.

Contact Allen Steinberg

Client Profiles

Profile of Client:

Multinational manufacturer of industrial and consumer goods.

Situation/Challenge:

Purchasing 100% ownership of an existing joint venture; seller refused to continue benefits to JV employees during transition period, citing legal concerns

Solution:

Demonstrated to seller and outside counsel that legal concerns cited were erroneous, negotiated transitional services agreement, and accelerated negotiations with benefits vendors/carriers to implement new benefits programs within 90 days of close

Profile of Client:

Top-tier Midwestern liberal arts university.

Situation/Challenge:

Retirement plan required substantial overhaul; concerns included complex and inefficient administrative structure (with multiple recordkeepers and over 300 overlapping investment funds), plan design that posed ongoing compliance risks, and insufficient oversight and governance.

Solution:

Engaged in multiyear process to redefine and document plan governance structure, select outside fiduciary and investment advisor, implement transition to new plan design and new single recordkeeper.

Profile of Client:

Northeastern insurance agency

Situation/Challenge:

Insufficient resources to analyze and communicate changes to health insurance under Affordable Care Act.

Solution:

Provided ongoing support to agents and client educational material explaining changes required under Affordable Care Act.