Global organisation Mellon Financial Corporation has launched Mellon Employee Benefit Solutions (MEBS) - a unit providing clients with defined contribution, defined benefit, and health and welfare plan services and programmes.
The new entity combines services previously provided by Derry's Retirement Services and Buck Consultants' Administrative Services Group.
The New York-based operation offers investment management and consulting; record keeping and administration; trust and custody; actuarial services; plan design support; self-directed brokerage option; Internet access for participants and plan sponsors; integrated participant services centre; compliance testing and consulting support; customised communication programmes; and total health and welfare solutions.
MEBS' 800 associates currently administer and service nearly 1500 defined contribution, defined benefit plans, and health and welfare programmes. By Madhu Kalia
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