Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Trust Funds Accountant

RFK Medical Plan/JDLC Pension Plan
(Keene CA)

Manager, Defined Contributions Administration

Definiti
(Telecommute / The Woodlands TX / University Place WA / Dallas TX / Erie PA / Canonsburg PA / West Palm Beach FL)

Defined Contribution Administrator

PACETPA
(Telecommute / Clovis CA / Las Vegas NV)

PACETPA logo

Director, Retirement Benefits

Wespath Benefits and Investments
(Telecommute / Glenview IL)

Wespath Benefits and Investments logo

Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company (LDSCO)
(Telecommute)

Loren D. Stark Company (LDSCO) logo

Defined Contribution Plan Administrator

401k America
(Telecommute / Chino CA)

Client Service Manager

July Business Services
(Telecommute / Waco TX)

July Business Services logo

5500 Specialist

401K Generation
(Altamonte Springs FL)

401K Generation logo

Senior Retirement Plan Administrator

Goldberg, Swedelson & Associates
(Telecommute / Encino CA)

Goldberg, Swedelson & Associates logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

By Date   |   By Company Name


View More Press Releases by Mesirow Financial

Press release:

Mesirow Retirement Advisory Services to Offer a Pooled Employer Plan (PEP)

Issued by: Mesirow Financial

Date: Nov. 15, 2020

CHICAGO -- Mesirow Financial, an independent, diversified financial services firm, announced that the Mesirow Retirement Advisory Services (RAS) group is partnering with Newport Group, Inc. ("Newport") to offer a new Pooled Employer Plan ("PEP") in 2021.

The RAS team's acumen in investment research and fund selection, expertise in plan design consulting and focus on achieving the best participant outcomes complements Newport's plan administration, recordkeeping and trust services. Newport is a leading independent retirement services provider with more than $140 billion in retirement assets under administration and more than $270 billion in corporate retirement and insurance assets.

The PEP will enable small to mid-sized employers to "pool" their retirement plans. The collective purchasing power of the PEP reduces cost and enhances services for its members; providing a 401(k) experience comparable to some of the largest companies in the country. The PEP will also enable plan sponsors to more effectively manage fiduciary risk and outsource plan operations, often at a lower cost than a traditional 401(k) plan. 

Mesirow's RAS professionals are well positioned to bring a PEP solution to market as they have been consulting on Multiple Employer Plans (MEPs), a similar type of pooled plan vehicle, since 2011. The group also has expertise in driving successful participant outcomes, launching my FinancialFuture®, a proprietary personal financial advice program in 2019 to help participants achieve financial wellness.

"We are thrilled we will have a robust and affordable solution to offer to retirement plan sponsors that adds to the depth, breadth and reach of our business," said David Dermenjian, President of Mesirow Retirement Advisory Services. "Mesirow's entrepreneurial culture, coupled with our product and service offering, robust technology platform and industry-leading participant services will create an elevated client experience and more flexibility for small- to mid-size employers."

About Mesirow Retirement Advisory Services
Mesirow Retirement Advisory Services aligns the full power and resources of Mesirow for corporations, government entities and not-for-profit entity plan sponsors as well as for participants across qualified plans, nonqualified plans, advisor managed accounts, and discretionary investment management. With approximately $10 billion in assets under management/advisement as of September 30, 2020,2 Mesirow RAS is dedicated to helping plan sponsors manage fiduciary risk, attract and retain employees and assist employees in seeking the best possible retirement outcomes. For more information, please visit Mesirow Retirement Advisory Services.

About Mesirow Financial
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with locations around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirowfinancial.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by the Chicago Tribune and one of the Top Places to Work by Crain's Chicago Business.

View More Press Releases by Mesirow Financial


This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2020 BenefitsLink.com, Inc.