Batesville, IN—Feb. 2, 2012— Spend Management Partners (SMP) announced that Edward G. Siddell will now serve as Practice Leader, following the formation of the company’s Retirement Benefit Practice Group.
“Our work in this area is supported by the U.S. Labor Departments interest in plan administrators and investment companies to disclose the cost of 401K plans,” explained Siddell. “The fee disclosure regulations may very well turn out to be the most important change in the history of the 401K plan.”
Siddell joins SMP after 25 years in the retirement benefits industry.
“SMP’s purpose is to uncover opportunities in spend categories characterized by inefficient price/cost structures,” said SMP Managing Partner Tom Glaser. “We review and analyze companies’ current provider relationship versus competitors and best in market, then validate and co-pilot implementation of adjustments.”
For more information, visit www.spendmanagementpartners.com.
