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
Multinational manufacturer of industrial and consumer goods.
Purchasing 100% ownership of an existing joint venture; seller refused to continue benefits to JV employees during transition period, citing legal concerns
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
Top-tier Midwestern liberal arts university.
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.
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.
Northeastern insurance agency
Insufficient resources to analyze and communicate changes to health insurance under Affordable Care Act.
Provided ongoing support to agents and client educational material explaining changes required under Affordable Care Act.