|By Marketwired .||
|April 17, 2014 10:40 AM EDT||
BOSTON, MA--(Marketwired - April 17, 2014) - Spring Consulting Group announced today that they have been issued U.S. Patent No. 8,676,686 for their Program for Alternative Funding of Employee and Retiree Benefits by the United States Patent and Trademark Office.
This patent marks the 5
This most recent patent outlines Spring's process for funding retiree benefits including pensions, defined contributions and other retirement programs through a partially, wholly or non-owned captive insurance company. The patent also outlines the process for terminating a pension plan, funding additional employee benefits through a captive and also the reinvestment of captive assets to generate additional assets.
"Many of the other funding solutions for pensions are not as attractive as this solution," commented Spring Managing Partner Karin Landry. "As companies move forward to minimize plan volatility or terminate their plans, we are excited that Spring is able to offer a very effective and innovative solution."
About Spring Consulting Group:
Spring Consulting Group (@SpringsInsight) is a leading professional services firm whose core focus is developing integrated and innovative solutions in the areas of employee benefits, risk management and wealth strategies. Spring is the proud winner of the prestigious Business Insurance Magazine Innovation Award as well as awards from Captive Review for Actuarial Firm of the Year and Risk & Insurance Magazine for Top Employee Benefits Consultant, Risk Innovator and Power Broker. Spring also possesses five U.S. patents for benefit funding solutions.
More information about Spring Consulting Group can be found at: www.springgroup.com
Director of Marketing/Communications