Pension Plans (DB & DC)

We have extensive experience working with retirement plans dating back to the firm's inception in 1986.  We understand well the unique issues and sensitivities that must be considered when formulating and implementing an investment plan for a defined benefit plan, and work closely with our clients' staff and investment committees to work through these issues. First and foremost, we recognize the key role that the liabilities play in any defined benefit plan investment structure and we ensure that the relationship of these liabilities to plan assets is always given full consideration when structuring the investment plan.

Over the past couple of years we have been involved in the evaluation of Liability Driven Investment (LDI) strategies for several of our defined benefit plan clients. While not appropriate for all clients, we have helped establish long duration bond mandates, interest rate swaps, and immunized bond portfolios for some clients depending on their unique circumstances.

Part of the value we add in consulting with defined contribution plans is helping sponsors determine whether or not their current service provider can serve the Plan's needs for a lower fee or whether they can provide better service for the same fee. This is part of our Defined Contribution Consulting Services.