The Newport Group, a leading national provider of retirement and executive benefit plans, announced that it has appointed Stephen Eisenstein as Director, Actuarial and Defined Benefit Services.
"Defined benefit pension plans play an important role in providing retirement income to employees, in great part because they provide a degree of certainty in uncertain times," noted Newport Senior Vice President, Retirement Services Dennis Sain.
"Because they can be complicated to administer, plan sponsors rely on full service firms like Newport, and experts like Steve
, to successfully incorporate them into a company's retirement benefit offerings."
In this newly created position, Mr. Eisenstein
will lead all aspects of Newport's actuarial valuation, defined benefit administration, and other defined benefit plan services.
will develop, train and mentor a team of defined benefit client service managers to ensure that Newport clients continue to receive industry-leading support.
In addition, Mr. Eisenstein will also work with Newport's Regional Directors in the marketing of defined benefit services to current and prospective clients.
25-year actuarial career, Mr. Eisenstein
has helped clients at some of the industry's top firms to understand the complex components of their retirement plans.
Prior to joining Newport, he served as a senior manager at Ernst & Young in Chicago, IL, where he was a memeber of the senior leadership team.
was responsible for the sale and delivery of compensation and benefit consulting services to both internal and external clients.
Mr. Eisenstein earned his bachelor's degree in actuarial science from the University of Illinois.
He also holds the designations of Fellow of the Society of Actuaries (FSA), Enrolled Actuary, Member of the American Academy of Actuaries (MAAA), and Fellow of the Conference of Consulting Actuaries (FCA).