The announcement said the new service is offered to employers looking to better manage and understand their defined benefit plan costs. USI pointed out that under provisions of the Pension Protection Act and FAS 87, DB plan sponsors will be able to better anticipate the funding and expense needs of their plans, while also managing any associated risks involved and exploiting opportunities in the markets.
“Many plan sponsors are dealing with the difficult issues surrounding plan underfunding, benefit freezes or terminations and need a more proactive consulting approach. USI has combined the actuarial, investment advisory and insurance disciplines to assist employers with defined benefit plan monitoring, advice and management as we track changes in both the plan liabilities and assets,” said Bill Tremko, President of Retirement & Investment Services for USI Consulting Group, in the announcement.
For more information, contact Paul Denu, Vice President, at (212) 878-0428 or at Paul_Denu@usicg.com .