Laura Dempsey, Cebs Email & Phone Number

Painted Post, Ny, Us

Center Valley Pa

Oversee health and welfare, pension , 401k and executive plans for North America operations.

Provides support for open enrollment, benefit fairs, healthcare presentations, 401k design and management, compensation systems.

Upstate Ny

Benefits Consultant acting as interim Assistant Benefits Director position, initially stepping in to direct/oversee Open Enrollment and then focus on ACA compliance and long term benefits strategy, overall communications and administration efficiencies.

Provided compensation & benefits consulting for special projects. Projects includedalternative redesign analysis for 401k, SME for global implementation of Taleo Compensation System, 401k VCP filings, DOL audits and merging of 401k plans acquired through acquisitions.

Provided internal benefits consulting and project management for corporate wide benefit design, compliance and administrative systems, with primary focus on defined benefit and defined contribution plans. Key member of union negotiation team, and lead compensation/benefits contributor before, during and upon emergence from bankruptcy, including an agreement with PBGC. Lead on union and benefits related due diligence activities associated with potential sale of company. Key accomplishments:•Consolidated and communicated 15 defined benefit plans into one plan and one record keeper. •Converted and communicated 5 defined contribution plans into one plan and one record keeper.• Sunset of former Company stock within 401(k) plan.•Negotiated the freeze of defined benefit plans for three union facilities, reducing annual FAS 87 expenses by more than $2.4M.•Negotiated the elimination of Rx for grandfathered post 65 union retirees for two union facilities, resulting in $1.5M annual expense savings.•Negotiated the elimination of post retirement medical for one union facility, and a cap on company costs for two other union facilities. •Analyzed and recommended changes due to Medicare D resulting in an immediate reduction of $18.0M liability. Changes included: oRedesign of the over 65 medical plan for remaining retirees (union and non union) oElimination of drug coverage for non union retirees oElimination of medical coverage for retirees of a closed union facility.

Managed overall benefits function; including benefits design, communication, compliance and administration for newly formed company divested from Corning Inc. which shortly thereafter acquired 2 companies. Benefits included 15-defined benefit plans, 5-401k plans, and more than 25 different health & welfare plans, covering 3500 union/non union employees, 1500 store temporaries and 500 retirees. Managed staff of 2 exempts. Key accomplishments:•Converted medical claims administration from internal Corning Inc. systems to new administrator.•Designed focus group materials to facilitate design of a standard benefits package for 3 merged companies.•Converted outsourced benefits administration from one vendor to another.•Consolidated 25+ health and welfare vendors to 7 through RFP process.•Designed, implemented and communicated complete new non-union health and welfare and retirement programs including adoption of 100% defined contribution retirement platform and elimination of post-retirement benefits.•Supported 10 union negotiations with benefit analysis and recommendations, including the closing of three facilities, and redesign of medical and defined contribution benefits.

Provided internal compensation and benefits consulting and project management for corporate wide compensation programs, benefit design, compliance and administrative systems. Benefits included executive non-qualified programs and perks, Section 125, defined benefit and 401k plans, covering 7000 actives and 4000 retirees. Benefits contact for all due diligence associated with mergers and acquisitions (~15).

Bs

Education record