Deals & People January 27, 2010
RPAG Expands into Nonqualified Arena with New Hire
Retirement Plan Advisory Group (RPAG) has recruited David W. Stecher as
national practice leader for Executive Benefits Consulting.
Reported by Ellie Behling
The new hire at RPAG “signifies a strategic decision by management to expand its support of defined contribution plans by adding senior talent in nonqualified plans,” according to an announcement from the independent retirement plan adviser alliance.
Stecher will lead the executive benefits consulting practice and serve as the go-to resource on executive benefits for the 250-plus member firms within RPAG. The company said his primary focus is on total plan management and driving efficiencies for both plan sponsors and participants in four key areas: best practices in plan design; plan funding mechanisms and cost controls; education and communication; and integration of administrative services across the corporate technology platform.
“As the economy recovers, and demand for executive talent heats up, companies must offer more well-designed NQDCs to retain talent. We anticipate solid growth for our advisers in this specialty,” said Nick Della Vedova, president of RPAG, in the announcement.
Stecher has formerly served as an executive vice president with Retirement Capital Group and AXA Advisors, where he ran the West Coast operations. Earlier in his career, he served as tax and auditing accountant for KPMG Peat Marwick.
Stecher will lead the executive benefits consulting practice and serve as the go-to resource on executive benefits for the 250-plus member firms within RPAG. The company said his primary focus is on total plan management and driving efficiencies for both plan sponsors and participants in four key areas: best practices in plan design; plan funding mechanisms and cost controls; education and communication; and integration of administrative services across the corporate technology platform.
“As the economy recovers, and demand for executive talent heats up, companies must offer more well-designed NQDCs to retain talent. We anticipate solid growth for our advisers in this specialty,” said Nick Della Vedova, president of RPAG, in the announcement.
Stecher has formerly served as an executive vice president with Retirement Capital Group and AXA Advisors, where he ran the West Coast operations. Earlier in his career, he served as tax and auditing accountant for KPMG Peat Marwick.