Morneau Shepell named one of the U.S.'s top defined benefit providers by PLANSPONSOR magazine
Morneau Shepell ranked as a top provider by HR and benefits magazine, PLANSPONSOR, and in the top five of total DB plan providers
TORONTO, June 18, 2015 /CNW/ - Morneau Shepell Inc. (TSX: MSI), the largest administrator of retirement and benefits plans in Canada, is pleased to announce it has been named one of the top five defined benefit (DB) pension plan providers in the U.S. by PLANSPONSOR magazine. The magazine, whose readers include HR, pension and benefits administrators, lists Morneau Shepell as the fourth largest DB provider in Canada and the U.S. with 773 plans under management.
"We are proud to offer best-in-class pension administrative services in both the U.S. and Canada," said Pierre Chamberland, Chief Operating Officer and Executive Vice-President of Administrative Solutions at Morneau Shepell. "Our strategic consulting and project management support of current and new clients allows us to give needed solutions to a still vibrant DB market."
PLANSPONSOR also ranked Morneau Shepell as the fifth largest administrator by number of DB plans won (39) in 2014, second by the number of DB plans administered in the public or government sector (199) and fourth in terms of DB participants (4,196,546) within their plans.
"We have been working and continue to work with state and local government entities on administering multi-employer plans with effective results," added Jim Kelly, Partner, U.S. Public Sector, with Morneau Shepell. "This is reflected in our ranking and is a testament to our investment and focus on this market. DB plans remain very much a part of the public sector. They will require dedicated support and experienced administration for years to come."
About Morneau Shepell Inc.
Morneau Shepell is the largest company in Canada offering human resources consulting and outsourcing services. The Company is the leading provider of employee and family assistance programs, as well as the largest administrator of retirement and benefits plans and the largest provider of integrated absence management solutions in Canada. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity and improve their competitive position. Established in 1966, Morneau Shepell serves approximately 20,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With approximately 3,700 employees in offices across North America, Morneau Shepell provides services to organizations across Canada, in the United States, and around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.
SOURCE Morneau Shepell - Pension/Retirement