We are pleased to announce that August 1, 2014 marks the third anniversary for Kamp Consulting Solutions, LLC. KCS has spent the last three years fighting to keep defined benefit plans active. We continue to bring a different message to the marketplace that both assets and liabilities need to be managed together to accomplish the objective of maintaining a healthy retirement program for the plan’s beneficiaries.
Furthermore, we are excited to be part of a coalition that is bringing Double DB to the marketplace. DDB is a “fixed cost” defined benefit plan that is superior to the myriad hybrid plans that have been introduced into the market. This plan design just may provide the impetus for plan sponsors to maintain their current DB plan.
We are excited about what we’ve accomplished in our first three years, and very much look forward to helping plan sponsors and plan beneficiaries during our fourth year.