Benefits August 21, 2012

Many Employers Think Delayed Retirement Is a Plus

August 21, 2012 (PLANSPONSOR.com) - Nearly half (45%) of U.S. employers expect to benefit from Baby Boomer employees who prolong their careers past age 65.
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Only 4% believe employees who postpone retirement will negatively affect companies, according to a survey from BMO Retirement Services.   

Nearly one-quarter of surveyed employers estimate that the percentage of working Boomers who postpone retirement could exceed 50% in the years ahead. Nearly half predict that more than 30% of Boomers will fall into this category.  

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“There appears to be a growing recognition in corporate America that employees in their sixties possess valuable institutional experience and expertise,” said Todd Perala, director of relationship management at BMO Retirement Services.   

The survey is based on interviews with 412 retirement plan sponsors that have a minimum of $2 million in trust assets and use the BMO Retirement Services recordkeeping platform.
Products August 21, 2012

CPI Realigns Sales Teams

August 21, 2012 (PLANSPONSOR.com) - CPI Qualified Plan Consultants Inc. combined its six regions into three divisions: Northeastern, Central/Southeastern and Western.
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In addition to the three sales divisions, the new CPI map illustrates areas of the country targeted for new consulting offices: Houston, Philadelphia, North and South Carolina, Michigan and Indiana.  

“Our comprehensive array of retirement plan programs and our focus on helping employees achieve a successful retirement has positioned us to expand the number of our regional offices to 21 by the end of 2013. The divisional structure enhances our ability to respond to CPI’s growth and provide better service to all of our clients,” CPI’s president Jon Prescott stated.

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