(October 2012 – Boston, MA) Spring Consulting Group, LLC. (Spring), an internationally recognized provider of benefits funding strategies, is pleased to announce that the U.S. Patent and Trademark office on September 25, 2012 issued their fourth Patent US 8,275684 focusing on funding Retirement and Pension benefits through a captive vehicle.
Spring is a recognized global leader in benefit funding strategies. The patents demonstrate their unique focus on driving down the costs of employee benefits, an enormous cost to US companies. Earlier patents covered the funding of other benefits including retiree medical through a captive.
“More than a trillon dollars of defined benefit pensions liabilities in the US much of which is in closed or frozen plans. Our patented approach to restructuring the funding of these assets creates very strong financial statement improvements compared to traditional annuitization”, said Karin Landy, managing partner ata Spring.