EMPLOYEE BENEFITS CONSULTANTS/MANAGERS.Ranked by number of L.A. County employees involved in employee benefits services EXECUTIVE SUMMARY As the economy has slowed, employee benefits firms have had to concentrate more on severance packages A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following:
One firm that has thrived in that environment is Andersen, which moved up to the fourth place on the list from 15th a year ago. Andersen's jump was due in large part to the reorganization The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. of Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP LLP - Lower Layer Protocol (which split last year from Andersen Consulting See Accenture. , now Accenture (Accenture, Chicago, IL, www.accenture.com) The world's largest management and technology consulting firm, which was spun off of Arthur Andersen & Co. in 1989 as a separate entity known as Andersen Consulting. ), allowing Andersen do devote more resources to benefits management business. Overall, growth has been flat at the top employee benefits management firms in the past year as corporate cutbacks impact financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. consultants. "We've we've Contraction of we have. we've have been focusing on helping our clients deal with their workforces in this time of a soft economy," said Glenn Meister
William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack M Mercer mer·cer n. Chiefly British A dealer in textiles, especially silks. [Middle English, from Old French mercier, trader, from merz, merchandise, from Latin merx LLP. Darrell There are many well-known people named Darrell, including: In sports:
THE PACESETTER WILLIAM M. MERCER LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control DESPITE cutting four percent of its staff in May. William M. Mercer LLC remains the top benefits management firm in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, with a total of 150 employees dedicated to benefits consulting. That's virtually the same number of staff members it had last year, a figure it was able to maintain through the acquisition of L.A.-based SCA (Single Connector Attachment) An 80-pin plug and socket used to connect peripherals. With a SCSI drive, it rolls three cables (power, data channel and ID configuration) into one connector for fast installation and removal. Consulting, an executive compensation firm. The deal was finalized See finalization. Oct. 5. Benefits managers are facing new challenges after several years of strong growth, as the sluggish economy Sluggish Economy A state in the economy in which the growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy, such as weak housing starts. has forced companies to deal with layoffs, said Glenn Meister, L.A. office leader for William Mercer. "Most of our clients in some form or fashion are going through reductions in their workforce," Meister said. "We've been quite busy working on these issues." He said most companies faced with making employment cuts are trying harder than they have in the past to cushion Cushion In the context of project financing, the extra amount of net cash flow remaining after expected debt service. cushion See call protection. the blow for displaced displaced see displacement. workers by providing severance packages, setting up placement services and offering other resources to help people find work. Recent cost-cutting measures have also had an effect on the benefits firms themselves, Meister said, as many companies look inward in·ward adj. 1. Located inside; inner. 2. Directed or moving toward the interior: an inward flow. 3. to handle some of the chores that in better times were parceled out Adj. 1. parceled out - given out in portions apportioned, dealt out, doled out, meted out distributed - spread out or scattered about or divided up to contractors. "It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have a time when people are taking a real, hard look at all their programs," Meister said. "For some, having outside help is a luxury that they can't afford right now." Darrell Satzman [Graph graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. omitted] [Graph omitted]
Rank Company (Ranking in 2000) Employees
* name * employee benefits
* address (L.A. County/companywide)
* Total
(L.A. County/companywide)
1 William M. Mercer LLC (1) 150/4,595
777 S. Figueroa St., Suite 2000 199/13,000
Los Angeles 90017
2 Aon consulting (4) 110/5,900
707 Wilshire Blvd., Suite 5700 535/6,600
Los Angeles 90017
3 Watson Wyatt and Company 75/2,525
15303 Ventura Blvd., Suite 700 135/5,800
Sherman Oaks 91403
4 Andersen [2] (15) 70/2,625
633 W. Fifth St. 1,194/85,000
Los Angeles 90071
5 Price, Raffel and Browne Inc. (6) 60/80
1925 Century Park East, Fourth 70/140
Floor
Los Angeles 90067
6 Keenan and Associates (5) 58/127
2355 Crenshaw Blvd., Suite 200 320/508
Torrance 90501
7 Arthur J. Gallagher (7) 58/850
21650 Oxnard St., Suite 400 220/5,800
Woodland Hills 91367
8 MMC Inc. (10) 45/48
8150 Beverly Blvd. 6,521/6,797
Los Angeles 90048
9 Louis Kravitz and Associates Inc. 45/45
(11) 60/60
15760 Ventura Blvd., Suite 910
Encino 91436
10 Buck Consultants Inc. (8) 43/2,630
1801 Century Park East, Suite 500 54/3,094
Los Angeles 90067
11 Actuarial Consultants Inc. (12) 42/42
3848 Carson St., Third Floor 42/42
Torrance 90503
12 Marsh Risk and Insurance Services 29/900
(14) 550/60,000
777 S. Figureroa St., Suite 2200
Los Angeles 90017
13 Dodge, Warren and Peters Insurance 16/25
Svs. (20) 91/160
660 S. Figueroa St., Suite 2000
Los Angeles 90017
14 Financial Independence Co. 14/19
Insurance Svs. (17) 23/26
21300 Victory Blvd., Suite 215
Woodland Hills 91367
15 Lockton Insurance Brokers Inc. (18) 13/120
725 S. Figueroa St., 35th Floor 127/1,700
Los Angeles 91354
Rank Company (Ranking in 2000) Employee Benefits
* name Consulting Services
* address Offered (partial list)
1 William M. Mercer LLC (1) retirement and savings
777 S. Figueroa St., Suite 2000 plans, benefit
Los Angeles 90017 administration, Welfare
plan consulting, benefits
communications
2 Aon consulting (4) retirement and savings plans,
707 Wilshire Blvd., Suite 5700 benefits communications,
Los Angeles 90017 benefit administration,
executive benefits and
international consulting
3 Watson Wyatt and Company retirement and savings
15303 Ventura Blvd., Suite 700 plans, welfare plans,
Sherman Oaks 91403 benefits communications
and administration,
defined contribution health
plans, vendor management
4 Andersen [2] (15) retirement and savings
633 W. Fifth St. plans, welfare plans,
Los Angeles 90071 benefits communications
and administration, people
strategy, equity incentives,
intemational tax
5 Price, Raffel and Browne Inc. (6) retirement and savings
1925 Century Park East, Fourth plans, benefits
Floor communications, benefit
Los Angeles 90067 administration
6 Keenan and Associates (5) welfare plan consulting,
2355 Crenshaw Blvd., Suite 200 benefit administration
Torrance 90501
7 Arthur J. Gallagher (7) retirement and savings
21650 Oxnard St., Suite 400 plans, welfare planning
Woodland Hills 91367 consulting, benefits
communications, benefit
administration, executive
benefits, estate planning
8 MMC Inc. (10) retirement and savings plans,
8150 Beverly Blvd. benefits communications,
Los Angeles 90048 benefit administration,
health, dental,
vision and 401(k) plans
9 Louis Kravitz and Associates Inc. retirement and savings plans,
(11) benefits communications,
15760 Ventura Blvd., Suite 910 benefit administration
Encino 91436 and actuarial services
10 Buck Consultants Inc. (8) retirement and savings plans,
1801 Century Park East, Suite 500 welfare plans, benefit
Los Angeles 90067 communications, benefit
administration, human
resources consulting
11 Actuarial Consultants Inc. (12) retirement and savings plans,
3848 Carson St., Third Floor benefit administration,
Torrance 90503 benefits communications
12 Marsh Risk and Insurance Services retirement and savings plans,
(14) welfare plan consulting,
777 S. Figureroa St., Suite 2200 benefits communications,
Los Angeles 90017 benefit administration
13 Dodge, Warren and Peters Insurance retirement and savings plans,
Svs. (20) benefits communications,
660 S. Figueroa St., Suite 2000 benefit administration
Los Angeles 90017
14 Financial Independence Co. retirement and savings plans,
Insurance Svs. (17) benefits communications and
21300 Victory Blvd., Suite 215 administration, bilingual
Woodland Hills 91367 benefits communications,
health, dental,
vision, disability plans
15 Lockton Insurance Brokers Inc. (18) retirement and savings plans,
725 S. Figueroa St., 35th Floor benefit administration,
Los Angeles 91354 welfare plan consulting,
benefits communications
Rank Company (Ranking in 2000) Other Services Offered
* name (partial list)
* address
1 William M. Mercer LLC (1) intemational, rewards
777 S. Figueroa St., Suite 2000 and talent management,
Los Angeles 90017 human resource operations,
investment consulting
2 Aon consulting (4) risk management,
707 Wilshire Blvd., Suite 5700 compensation,
Los Angeles 90017 human resources,
change management,
investment consulting
3 Watson Wyatt and Company human resources technology
15303 Ventura Blvd., Suite 700 and multinational
Sherman Oaks 91403 strategy, cost control,
strategic rewards,
compensation
4 Andersen [2] (15) audit, tax and business
633 W. Fifth St. consulting
Los Angeles 90071
5 Price, Raffel and Browne Inc. (6) executive compensation
1925 Century Park East, Fourth plans, life insurance,
Floor health insurance,
Los Angeles 90067 estate planning, 401(k)
6 Keenan and Associates (5) workers' compensation,
2355 Crenshaw Blvd., Suite 200 property/liability claims
Torrance 90501 administration, insurance
brokerage, integrated
disability management,
loss control services
7 Arthur J. Gallagher (7) property and casualty
21650 Oxnard St., Suite 400 risk management,
Woodland Hills 91367 investment consulting,
captive services, claim
administration
8 MMC Inc. (10) human resources and
8150 Beverly Blvd. payroll administration,
Los Angeles 90048 labor law and risk
management
9 Louis Kravitz and Associates Inc. executive retirement
(11) plans, 401(k)
15760 Ventura Blvd., Suite 910 vendor selection
Encino 91436
10 Buck Consultants Inc. (8) administrative/outsourcing,
1801 Century Park East, Suite 500 employee education svcs.,
Los Angeles 90067 investment consulting,
compensation
11 Actuarial Consultants Inc. (12) compensation and
3848 Carson St., Third Floor benefits strategies,
Torrance 90503 cafeteria plans
12 Marsh Risk and Insurance Services property and
(14) casualty brokerage
777 S. Figureroa St., Suite 2200
Los Angeles 90017
13 Dodge, Warren and Peters Insurance commercial property
Svs. (20) and casualty
660 S. Figueroa St., Suite 2000
Los Angeles 90017
14 Financial Independence Co. critical illness,
Insurance Svs. (17) life and long
21300 Victory Blvd., Suite 215 term care plans
Woodland Hills 91367
15 Lockton Insurance Brokers Inc. (18) property, casualty,
725 S. Figueroa St., 35th Floor risk management
Los Angeles 91354
Rank Company (Ranking in 2000) Profile
* name * year
* address established [1]
* parent company
* headquarters
1 William M. Mercer LLC (1) 1936
777 S. Figueroa St., Suite 2000 Marsh & McLennan
Los Angeles 90017 Cos.
New York
2 Aon consulting (4) 1934
707 Wilshire Blvd., Suite 5700 Aon Corp.
Los Angeles 90017 Chicago
3 Watson Wyatt and Company 1965
15303 Ventura Blvd., Suite 700 Watson Wyatt
Sherman Oaks 91403 Worldwide
Washington, DC
4 Andersen [2] (15) 1926
633 W. Fifth St. Andersen
Los Angeles 90071 Chicago
5 Price, Raffel and Browne Inc. (6) 1962
1925 Century Park East, Fourth Union Central
Floor Life Ins.
Los Angeles 90067 Cincinnati
6 Keenan and Associates (5) 1972
2355 Crenshaw Blvd., Suite 200 same
Torrance 90501 Torrance
7 Arthur J. Gallagher (7) 1975
21650 Oxnard St., Suite 400 same
Woodland Hills 91367 Itasca, Ill.
8 MMC Inc. (10) 1983
8150 Beverly Blvd. same
Los Angeles 90048 Los Angeles
9 Louis Kravitz and Associates Inc. 1977
(11) same
15760 Ventura Blvd., Suite 910 Encino
Encino 91436
10 Buck Consultants Inc. (8) 1986
1801 Century Park East, Suite 500 Mellon Financial
Los Angeles 90067 Corp.
Pittsburgh
11 Actuarial Consultants Inc. (12) 1983
3848 Carson St., Third Floor same
Torrance 90503 Torrance
12 Marsh Risk and Insurance Services 1894
(14) Marsh &
777 S. Figureroa St., Suite 2200 McLennan Cos.
Los Angeles 90017 New York
13 Dodge, Warren and Peters Insurance 1977
Svs. (20) same
660 S. Figueroa St., Suite 2000 Los Angeles
Los Angeles 90017
14 Financial Independence Co. 1984
Insurance Svs. (17) same
21300 Victory Blvd., Suite 215 Woodland Hills
Woodland Hills 91367
15 Lockton Insurance Brokers Inc. (18) 1995
725 S. Figueroa St., 35th Floor Lockton Companies
Los Angeles 91354 Kansas City, Mo.
Rank Company (Ranking in 2000) Top Local Executive
* name * name
* address * title
* phone
1 William M. Mercer LLC (1) Glenn Meiser
777 S. Figueroa St., Suite 2000 LA office leader
Los Angeles 90017 (213) 346-2200
2 Aon consulting (4) John Evans
707 Wilshire Blvd., Suite 5700 senior vice president
Los Angeles 90017 (213) 630-2900
3 Watson Wyatt and Company Tom Porath
15303 Ventura Blvd., Suite 700 managing consultant
Sherman Oaks 91403 (818) 906-2631
4 Andersen [2] (15) John O. Niemann
633 W. Fifth St. regional managing partner
Los Angeles 90071 (213) 614-6500
5 Price, Raffel and Browne Inc. (6) Leo Thomas
1925 Century Park East, Fourth managing partner
Floor (310) 551-3125
Los Angeles 90067
6 Keenan and Associates (5) Sean K. Smith
2355 Crenshaw Blvd., Suite 200 president, ceo
Torrance 90501 (310) 212-3344
7 Arthur J. Gallagher (7) Norbert H. Chung
21650 Oxnard St., Suite 400 area president
Woodland Hills 91367 (818) 340-3642
8 MMC Inc. (10) Mashi Rahmani
8150 Beverly Blvd. executive director
Los Angeles 90048 (310) 659-3835
9 Louis Kravitz and Associates Inc. Louis Kravitz
(11) president
15760 Ventura Blvd., Suite 910 (818) 995-6100
Encino 91436
10 Buck Consultants Inc. (8) Jon Kinc
1801 Century Park East, Suite 500 principal office manager
Los Angeles 90067 (310) 282-8232
11 Actuarial Consultants Inc. (12) Pat Bymes
3848 Carson St., Third Floor president
Torrance 90503 (310) 316-1334
12 Marsh Risk and Insurance Services Bob Belko
(14) senior vice president
777 S. Figureroa St., Suite 2200 (213) 624-5555
Los Angeles 90017
13 Dodge, Warren and Peters Insurance Greg Davidian
Svs. (20) ceo
660 S. Figueroa St., Suite 2000 (213) 627-9203
Los Angeles 90017
14 Financial Independence Co. Shella Hartman
Insurance Svs. (17) president
21300 Victory Blvd., Suite 215 (818) 592-0205
Woodland Hills 91367
15 Lockton Insurance Brokers Inc. (18) Timothy J. Noonan
725 S. Figueroa St., 35th Floor president, ceo
Los Angeles 91354 (213) 689-0065
(1)In L.A. County
(2)Spun off from Andersen Worldwide.
Note: Towers Perrin and Deloitte & Touche may have qualified for the
List but failed to submit their surveys. The information on this
list was provided by representatives of the companies themselves.
Firms are ranked by number of L.A. County employees involved in
employee benefit services and number of companywide employees involved
in employee benefit services, respectively. The list was completed
during the week of October 1, 2001.
To the best of our knowledge, this information is accurate as of
press time. While every effort is made to ensure the accuracy and
throughness of the list, omissions and typographical errors sometimes
occur.
Researched by Natasha Prishva
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