RETIREMENT OPERATIONS MERGERS, ACQUISITIONS, AND CONSOLIDATIONS – SALUTI CAHN

Examples of Retirement Operations Mergers, Acquisitions, and Consolidations Projects:

2008: Pentegra Retirement Services (www.Pentegra.com)

- Per Saluti Cahn recommendation, Pentegra acquired its competitor, RSGroup.  Saluti Cahn performed a Consolidation Gap Analysis and several hundred Gaps were identified and resolved through an analysis of hundreds of procedures from both entities.  Documentation was developed for the receiving entity (Pentegra) staff re-training.

Reference: Gwen Burroughs (914-821-9430)

2006-2007: Lincoln Financial (http://www.lfg.com/LincolnPageServer?LFGPage=/lfg/lfgclient/act/ret/index.html)

- Saluti Cahn created procedures for a Lincoln Recordkeeping facility located in Portland, ME. Then, the Portland facility was closed down and these procedures were utilized for re-training of Lincoln Fort Wayne, IN staff as the receiving entity for the Portland close-down.

- Saluti Cahn completed a project at the Arlington Heights, IL Lincoln Financial facility.  In this project, Saluti Cahn dissected and analyzed selected procedures, such as Distributions and Loans, in order to create functionalized units.  Prior to Saluti Cahn’s efforts, these procedures were performed by relationship managers and were not standardized or documented.  Functionalized operational units were created in Arlington Heights in order to move these procedures via consolidation to the Lincoln Financial Fort Wayne, IN facility.

Reference: James Racine (260-455-4944)

2005: FASCore Retirement Services (www.FAScore.com)

– When FASCore acquired EMJAY in Milwaukee, WI, Saluti Cahn was tasked to assist in the acquisition.  Saluti Cahn inventoried, dissected, and analyzed EMJAY procedures.  Significant efficiencies and controls were implemented enabling FASCore to immediately increase EMJAY “Balance Forward” Plans from 300 to 3,000.

Reference: Darlene Soderquist (414-906-2989)

2003-2004: Wachovia (www.wachovia.com)

- Saluti Cahn performed a Consolidation Gap Analysis for Wachovia’s acquisition of PFPC. Over one thousand Gaps were identified and resolved through an analysis of hundreds of Procedures from both entities.  Documentation was developed for the receiving entity (Wachovia) staff re-training.

Reference: Angie McDaniel (704-590-8771)

2003: BISYS (http://www.bisysretirement.com)

– Saluti Cahn performed a Consolidation Gap Analysis for the BISYS assumption of the            outsourced US Bank Retirement Operation. It should be noted that US Bank Trust was already a Saluti Cahn Client. Hundreds of Gaps were identified and resolved through an analysis of hundreds of procedures from both entities.  Documentation was developed for the receiving entity (BISYS) staff re-training.

Reference: Shannon Kelly (215-648-4811)

Saluti Cahn Contact

Saluti Cahn Contact: Marjorie Cahn, Principal, at (617)285-6564 (cell).

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