Steve is Managing Director of BCG Penbridge. He has 20 years of experience in defined benefit pension and insurance consulting. At BCG Penbridge, Steve focuses on helping corporate DB plan sponsors evaluate plan cost, pension de-risking alternatives, and choosing annuity products and providers. Steve also advises insurance companies on pension risk transfer market entry preparedness. Steve designed and launched BCG Penbridge’s PRT Database, currently used by more than 400 plan sponsors and advisory firms. More recently, Steve designed and launched the first industrywide DB expense survey and benchmarks reports. Steve also leads BCG Penbridge’s information services business, which licenses annuity buyout pricing and DB expense benchmarking data to DB plan service providers. Steve served as an annuity market expert to the Motorola Solutions’ Annuity Committee, supporting the fiduciary oversight of the company’s $3.1 billion annuity buyout transaction. He testified at the hearing before the ERISA Advisory Council on “Private Sector Pension De-risking and Participant Protections.” Steve works with a broad range of DB market participants, including plan sponsors, advisory firms, insurance companies, asset managers and independent fiduciaries. Steve is a regular speaker at industry events on pension risk issues, has authored numerous BCG Penbridge thought leadership papers and has been featured in various business and financial news publications. He obtained his BS in Engineering from Syracuse University.
Mike is a Principal at BCG Pension Risk Consultants which specializes in assisting plan sponsors with managing their pension risk. BCG has consulted on over 2,000 liability settlements and plan terminations for defined benefit pension plans since 1983 and Mike is responsible for all marketing and sales efforts and is based in the Boston Office. In 2018, Mike led the acquisition of Penbridge Advisors, LLC to form BCG Penbridge, one of the retirement industry’s leading resources for pension information and advisory services.
In June 2011, BCG announced they completed the first buy-In transaction in the U.S. which Mike was the lead consultant. Mike started his career with BTR based in London, England before moving on to KPMG and their retirement plan office in Boston, Massachusetts. While at KPMG he consulted on the KPMG Pension Plan as well as other key clients who were looking for alternatives to managing their pension risk. He eventually moved on to The Hartford where he worked with plan sponsors, advisors and consultants in the defined benefit market. Mike has over 20 years’ experience in the defined benefit marketplace and is a regular speaker at various national conferences on pension de-risking strategies. Mike holds his FINRA Series 6, 63 and 65 security licenses and his life and health insurance licenses. He graduated from The Pennsylvania State University with a degree in Business.