SOURCE: Strategic Benefit Services

Strategic Benefit Services

May 12, 2016 03:00 ET

Strategic Benefit Services Announces Integration of Merger and Acquisition Services to Portfolio

ALBANY, NY--(Marketwired - May 12, 2016) - Strategic Benefit Services' (SBS) retirement plan business recently expanded its offerings to include a focus on mergers and acquisitions. With the long list of complex regulations and requirements involved in the completion of mergers and acquisitions, the implications for retirement plans are often not fully considered. With mergers and acquisitions at a record high level in 2015, many plan fiduciaries may have put their plans at risk for failure to recognize protected benefits, service issues, or Internal Revenue Service restrictions on forgotten retirement plans.

"When mergers and acquisitions occur, retirement plan regulatory requirements and fiduciary responsibilities need to be addressed," said James J. Kelley, President, SBS. "The goal is to provide strong support and attention to detail that may often be overlooked, as it is often the small things that lead to more significant failures. The analysis requires an advisory team with years of experience, especially because of the many legacy retirement plan products and programs in the market."

The SBS approach will supplement and complement existing Employee Retirement Income Security Act (ERISA) counsel or other professionals engaged in providing guidance and expertise to the new organization. Drawing upon its expertise in retirement advisory and consulting services, SBS will add the requisite layer of due diligence to retirement plan administration that is often missing from merger and acquisition projects. Services include:

  • Pre-Acquisition Analysis
  • Investment Analysis
  • Post-Merger Transition Management

Strategic Benefit Services will feature the new merger and acquisition services at the upcoming Human Resources Conference taking place May 18-20, 2016 at The Harvard Club in New York City.

Strategic Benefit Services has been providing retirement services to leading healthcare, not-for-profit, and corporate organizations for more than four decades. SBS provides trusted advisory services including plan design, vendor management, investment selection and monitoring, operational oversight, and onsite education and communication. SBS conducts business in accordance with its values, in a manner that is in the best interests of our clients, with an ultimate goal of assuring their employees are ready for retirement.

SBS is headquartered near Albany, with offices in Cranford, New Jersey, Rochester, Tonawanda, and Melville, New York.

Securities offered and sold through Healthcare Community Securities Corporation (HCSC), Member FINRA/SIPC, and a Registered Investment Advisor.

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