Played an instrumental role in helping an international chemical company achieve its key objective of consolidating several of its “legacy” defined benefit pension plans into a single plan, resulting in administrative and cost efficiencies. In these spinoff and merger transactions, we helped establish a newly defined benefit pension plan into which two “legacy” defined benefit pension plans were merged and a spinoff population from a third “legacy” defined benefit pension plan were consolidated into a single plan. At the same time, the company consolidated trustee and investment management services and established a single master trust with a new trustee.
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