Dec. 3, 2012
/PRNewswire/ -- Lockton's
offers clients a unique set of experience with his background in retirement plans and executive benefits. Simonson joined the firm in August and leads the
office of Lockton Retirement Services. He is responsible for building new client relationships and providing consulting services to their corporate retirement plans and executive benefits programs across
the United States
. Lockton is the world's largest privately held insurance broker.
"Tom's expertise and experience will further enhance Lockton's value proposition for clients who want to enhance their retirement plans and executive benefit programs. He has established himself as a trusted advisor and key business partner in guiding clients," said
, President of Lockton's southeast operations in
"It is exciting to bring my consulting experience and background in the retirement services industry to such an entrepreneurial firm. Lockton has been at the forefront of advising growing companies for decades; innovative retirement plans and executive benefits are keys to helping our clients be successful," said Simonson.
Increased regulatory requirements regarding 401(k)/403(b) plan fee disclosures, volatile investment markets, and an uncertain tax environment have created new questions for many employers.
"We pride ourselves on delivering holistic client consulting," said Simonson. "These are unique times for companies and Lockton is distinctively positioned to provide expert advice to fiduciaries in all aspects of their retirement and executive benefit plans."
Simonson brings more than 15 years of retirement services experience. Immediately prior to joining Lockton, he served as a Principal at Mercer for nine years in their DC Advisors practice. In this position, he led new business development and client management for 401(k)/403(b) plan sponsors while providing oversight to Mercer's South and Midwest markets and serving on their national leadership team. Prior to Mercer, Simonson was VP of Sales-Retirement Services for Principal Financial Group.