Assets and percentage growth among large-scale plans due in large part
to flexible and technology-based solutions
TORONTO, Dec. 10, 2013 /CNW/ - Morneau Shepell, Canada's largest human resources and outsourcing firm,
has been named the fastest growing capital accumulation plan (CAP)
provider by percentage of assets. The latest edition of Benefits Canada
Magazine's CAP Suppliers Report shows Morneau Shepell's assets under
management totaling more than $6.4 billion - an increase of 60.8 per
cent over last year. This is the third time in the last four years that
Morneau Shepell has been the fastest growing CAP provider.
"Each plan sponsor has specific and diverse needs," said Idan
Shlesinger, Managing Partner, Defined Contribution Pensions and Savings
Plans. "Our clients require solutions that are flexible and can be
re-calibrated based on their changing needs. We make sure Morneau
Shepell's solutions can fit the plan sponsor's requirements and not the
other way around."
While many insurance providers offer a typical bundled approach to fund
selection, investment type and contracting, Morneau Shepell's growth
over the past year has risen due, in large part, to its unbundled
approach, which provides an open architecture, unparalleled flexibility
and control for plan sponsors.
"Part of what makes our solutions work for plan sponsors is our
commitment to technology," added Shlesinger. "We are constantly
updating our tools, adapting to client needs and providing websites and
communication that helps drive member participation towards a more
secure retirement. Our sites are easy to navigate, have easy-to-use
retirement planning tools and provide messages that drive participant
action," said Jeremy Evanson, Partner, Defined Contribution Pensions
and Savings Plans Innovation.
Along with flexibility of choice and the ability to pick and choose
aspects of administration, Morneau Shepell aids plan sponsors with
governance reports to help meet the guidelines established for CAPs in
Canada. Full integration of Morneau Shepell's services can be achieved
with other programs including health and welfare, defined benefit
plans, employee assistance plans, total rewards and wellness programs.
For more information on Morneau Shepell's suite of services and how you
can achieve flexibility with plan administration, please visit morneaushepell.com.
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. 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 more than 8,000 clients, ranging from
small businesses to some of the largest corporations and associations
in North America. With approximately 3,300 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 Inc.
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