Diverse Manufacturer had numerous locations and different retirement plans at each; client wanted to reduce administrative and investment fees / costs associated with retirement plans and improve internal operations. Company had multiple divisions each with separate investment and administrative arrangements (several with the same investment/insurance company but not consolidated); No one had reviewed the arrangements to determine possible opportunities for improved operational effectiveness and / or cost savings.Read More

A Hospital client with approximately $40 million in assets was utilizing the bundled defined contribution investment and recordkeeping platform of a prominent insurance company, had not received competitive bids for many years and was concerned that fees might not be competitive.   The Hospital retained Cowden Associates, Inc. (“Cowden”) to perform an independent review and if appropriate solicit competitive bids and recommend alternatives for considerations. Read more

Hospital with approximately $40 million of assets and over 150 fund choices wanted an independent opinion of the appropriateness of investments offered and fees associated with their retirement plans. These contracts contained large hidden deferred sales charges. The hospital was relying on an insurance agent to select funds most of which were proprietary.  The contracts or arrangements had not been reviewed for possible opportunities for improved operational effectiveness and / or cost savings.Read More

Company was experiencing long-term data inconsistencies involving payroll, HRIS system and 401(k) recordkeeping.  The continual inconsistencies resulted in: Read more

Manufacturing client with a $30 million dollar Defined Contribution Plan had utilized the service of a bank for approximately ten years.  Assets were invested in a mix of bank managed funds and funds offered by various mutual funds.  Participants were offered 23 funds with average combined fees (recordkeeping, administrative and investment management) equal to 1.17% of assets or $292,500.Read More

Provides Worldwide Benefit Coverage While Traveling and/or Living Abroad - Read Case Study

Overall Saving Exceed 12 Percent of Total Premium Costs - Read Case Study

Zero Percent Increase in Company Medical Costs: A $1.5 Million Savings - Read Case Study

From Underfunded Pension to Competitive Defined Contribution - Read Case Study

Welfare Fund Balance Increases $1.6 Million in Three Years: Reserve Months Double - Read Case Study