DECEMBER 1, 2017
Announcement: Fiduciary Counselors Inc. is pleased to announce that Thomas O’Connor has been appointed CEO of the firm, effective January 1, 2018. Mr. O’Connor will replace the current CEO, Jack Miller, who will be retiring at the end of the year after fourteen years with the company. Laura Rosenberg, Senior Vice President, will replace Mr. Miller as Chair of the firm’s Investment Committee. Please click here for more.
MARCH 1, 2017
Announcement: Fiduciary Counselors Inc. is pleased to announce that Thomas O’Connor has been appointed President of the firm. Previously, Mr. O’Connor served as Senior Vice President and CFO of the firm. Mr. O’Connor will continue to serve as CFO. As President, he will assume responsibility for the day to day management of the firm.
OCTOBER 26, 2016
Conferences: Laura Rosenberg and Tim Hauser, Deputy Assistant Secretary, Employee Benefits Security Administration, presented “Section 701 – Defining a Fiduciary” at the 2016 Conference of Consulting Actuaries in Las Vega, Nevada. Ms. Rosenberg discussed fiduciary best practices.
FEBRUARY 18, 2016
Announcement: Kathryn Ricard has joined Fiduciary Counselors as Senior Vice President. Ms. Ricard has over twenty-five years experience working with employee benefit plans as a lawyer, CPA and public policy expert. To find out more about Ms. Ricard, please click here.
OCTOBER 26, 2015
Conferences: Laura Rosenberg speaking at the Conference of Consulting Actuaries Annual Conference, Session 303 –“Fiduciary Responsibility – Dealing with the “3’s”: 3(16), 3(21), and 3(38)”
OCTOBER 2, 2015
Announcement: Fiduciary Counselors Serves as Independent Fiduciary for JCPenney Annuity Purchase, click here for more.
JULY 20, 2015
Comments: Fiduciary Counselors’ comments on the Department of Labor’s Fiduciary Advice Proposal.
OCTOBER 20, 2014
Conferences: Laura Rosenberg presenting “Dealing with PBGC: Early Warning Program Negotiations, M&A Transactions, and More” with fellow speakers at the Conference of Consulting Actuaries, Palm Springs, CA.
OCTOBER 1, 2014
Announcement: Fiduciary Counselors Inc. Serves As Independent Fiduciary For $1.4 Billion Annuity Placement
Fiduciary Counselors Inc. is pleased to announce that it served as the independent fiduciary for the Bristol-Myers Squibb U.S. Retirement Plan’s purchase of a group annuity contract backed by a separate account from Prudential Insurance Company of America to settle approximately $1.4 billion of the plan’s pension obligations.
JULY 17, 2014
Announcement: Fiduciary Counselors Inc. Serves As Independent Fiduciary For $350 Million Annuity Placement
Fiduciary Counselors Inc. is pleased to announce that it served as the independent fiduciary for the Visteon Pension Plan’s purchase of a group annuity contract from Prudential Insurance Company of America to settle approximately $350 million of the plan’s pension obligations.
JUNE 23, 2014
Quoted in the Media: Heat is Rising on Financial Firms’ Use of Own Strategies in Their 401(k) Plans
Financial services firms that want to use their own products and services for their defined contribution plans are facing a growing body of case law that so far is not going their way.
AUGUST 15, 2013
Submission: Fiduciary Counselors submits comments to the Department of Labor re: Class Exemptions to Remove Credit Ratings. Click here for comments and here for referenced S&P article.
JULY 26, 2013
Appointment: At the request of the Department of Labor, the U.S. District Court Eastern District of Kentucky appointed Fiduciary Counselors as independent fiduciary and plan administrator for the Hillsdale Hourly Pension Plan, the Hillsdale Salaried Pension Plan, the Revstone Casting Fairfield, GMP Local 359 Pension Plan, and the Fourslides, Inc. Pension Plan. Click here for the DOL Press Release.
JUNE 18, 2013
Quoted in the Media: DOL Audits Might Catch Money Managers by Surprise
Managers overseeing firm’s internal retirement funds largely unaware of new regulation.
FEBRUARY 4, 2013
Announcement: Fiduciary Counselors Inc. Welcomes Ivan Strasfeld as Senior Advisor.
MARCH 30, 2012
Quoted in the Media: PBGC Enforcing Facility Closure Rule Despite Promise to Revise It, Speakers Say.
The Pension Benefit Guaranty Corporation is stepping up its enforcement efforts on violations of Section 4062(e) of the Employee Retirement Income Security Act, speakers said during an actuarial conference March 28.
FEBRUARY 22, 2012
Quoted in the Media: Restructuring Experts Can Hold Pension Plans’ Future In Their Hands.
Bankruptcy wave spurs greater corporate demand for pension specialists