Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products October 16, 2006
Segal Picks Up Asset/Liability Modeling Firm
October 16, 2006 (PLANSPONSOR.com) - The Segal
Company has purchased a Newton, Massachusetts consultant firm
specializing in asset/liability analysis for employee benefit
programs and other organizations.
Reported by Fred Schneyer
A Segal news release said that Irwin Temper, founder and president of Irwin Temper Associates, has joined Segal as Senior Vice President and Asset/Liability Modeling Practice Leader.
Other staff members of Irwin Tepper Associates who have joined Segal include Dan Westerheide, consultant, and Christine Kuder, programmer, according to the announcement.
Since 1982, Irwin Tepper Associates has provided PC-based asset/liability modeling software and consulting for defined benefit pension plans, retiree medical programs and endowments and foundations.
There have been other developments in the asset/liability modeling arena lately. For example, the Department of Labor (DOL) recently issued an advisory opinion that supports taking pension plan liabilities into account when setting out an investment strategy – even if that results in an incidental benefit to the plan sponsor (See Advisory Opinion Offers LDI Clarity ).