Products October 7, 2001

Mellon Merger Creates "New" Benefits Provider

July 10, 2001 (PLANSPONSOR.com) - Mellon Financial Corporation will now face the competitive battles over providing pension and health benefits with a new warrior: Mellon Employee Benefit Solutions (MEBS).
Reported by

Mellon announced Tuesday that it was consolidating Dreyfus Retirement Services and Buck Consultants’ Administrative Services Group to provide:

  • investment management and consulting
  • recordkeeping and administration
  • trust and custody
  • actuarial services
  • plan-design support
  • self-directed brokerage
  • Internet access for participants and plan sponsors
  • integrated participant services center
  • compliance testing and consulting support
  • communication programs.

Dreyfus Service Corporation will provide investment services while Dreyfus Investment Services Corporation will handle brokerage issues.

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Headquartered in New York, MEBS will maintain client service locations in Uniondale, N.Y.; Everett, Mass., Secaucus, N.J., San Diego, Calif., and Fort Wayne, Ind.

MEBS’ 800 associates currently administer and service nearly 1,500 defined contribution, defined benefit plans, and health and welfare programs.

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