August 2008
USI Consulting Group Offers New Defined Benefit Risk Management Service
Glastonbury, CT – August 2008 -- USI Consulting Group, a subsidiary of USI Holdings Corporation ("USI") and a Goldman Sachs Capital Partners company, announced they have begun offering Risk Management services for defined benefit plans.
This new service is offered to employers looking to better manage and understand their defined benefit plan costs. Plan sponsors have the option of monitoring the funded status of their plan on a quarterly, or more frequent, basis under the Pension Protection Act, FAS 87 and plan termination scenarios. They 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" noted Bill Tremko, President of Retirement & Investment Services for USI Consulting Group.
For more information, contact Paul Denu, Vice President, at (212) 878-0428 or at Paul_Denu@usicg.com. |