$465 Million Consolidation for Boston-NY-Atlanta Firm
CASE STUDY: TRANSACTION SERVICES
$465 Million Consolidation for Boston-NY-Atlanta Firm
Pre-Merger Services Rendered:
Performed medical and qualified plan due diligence to evaluate existing multi-company designs, ERISA and ACA compliance, relative benefits and costs.
Identified core benefit differences, cost disparities, network conflicts, and contingent liabilities including ERISA plan compliance and tax issues in respect of prospective plan merger.
Developed blended plan designs and directional contribution strategies that balanced geographic cost disparities, resolved post-merger liabilities and provided comprehensive procurement services resulting in reduced gross and net costs to participants and Newco.
Prepared communication and enrollment programs.
Post-Close Services Rendered:
Implemented new medical, welfare and integrated retirement plans, capturing $1 million in efficiencies.
Managed on-site employee enrollment, participant workshops and ongoing communication programs.
Chernoff Diamond and their registered representatives are currently licensed to sell variable life and annuity products, as well as other securities products, in the states of California (#0782382, #0A04009), Connecticut, Florida, Georgia, Kentucky, Maryland, Massachusetts, New Jersey, New York, North Carolina, South Carolina and Virginia (#3078822.1). Residents of other states should consult with a local registered representative for securities products.
Proper state registration is mandatory prior to conducting business in any state.
Securities offered through M Holdings Securities, Inc., A Registered Broker/Dealer, Member FINRA / SIPC. Check the background of this Firm and/or investment professional on FINRA's BrokerCheck. Chernoff Diamond is a division of USI and is independently owned and operated. Chernoff Diamond is a member of the M Financial Group. Please visit mfin.com/DisclosureStatement.htm for further details involving this relationship. For important information related to M Securities, refer to the M Securities’ Client Relationship Summary (Form CRS) by navigating to https://mfin.com/m-securities.
3078822.1
