Primary role is to lead successful annuity placement services; including but not limited to ensuring client deliverables/communications are timely and accurately completed, monitoring annuity purchase marketplace, performing actuarial valuations/expense analysis of pension plans, preparation, review and presentation of key findings, assist in marketing efforts and initiatives, daily consultations with advisors, actuaries, and other interested parties. Manage and ensure completion of post-placement activities. Serve as an internal and external resource.
Dave has worked with all types of defined benefit plans (traditional, cash balance, pension equity, etc.), defined contribution and retiree medical plans’ consulting with clients ranging in size from Fortune 100 corporations to a single participant plans with varying degrees of complexity.
He has over 35 years of comprehensive pension plan experience serving as a Director at both Deloitte and RSM McGladrey, and as a Senior Manager at both Mesirow Financial and Price Waterhouse. Over the past fifteen years, Dave has focused primarily in the plan termination arena, assisting clients effectively and expediently toward settlement of their pension benefit obligations. He has successfully completed/managed over 200 annuity placements.
Additionally, he assisted plan sponsors in identifying and reducing costs/risks inherent in the ongoing operation of their plan; including assessing viability of partial settlement actions (e.g., annuity purchases and lump sum windows), evaluating economic costs inherent in maintaining the plan, consulting on plan termination implementation and readiness challenges/constraints. Experience working directly in-depth with insurers, actuaries, financial advisors, accountants, and legal counsel have provided Dave well-rounded knowledge to recommend, implement and successfully achieve pension risk transfer initiatives.