Blue Prairie Group is passionate about delivering measurable results.

Case StudyBlue Prairie Group is passionate about delivering measurable results that improve the retirement and financial well-being of our clients. We consistently help individuals and plan participants achieve retirement security, while helping organizations reduce the risk associated with sponsoring retirement plans. We thrive on improving our clients complicated financial situations and have a proven track record of making real progress for all stakeholders.

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Helping a 403(b) Plan Meet Compliance Standards

Background In 2013, Blue Prairie Group (“BPG”) was retained by a Pennsylvania-based non-profit organization to serve as their 403(b) retirement plan advisor. At the time of the engagement, the CFO of the organization was concerned about meeting the DOL/IRS regulations post-2009 and asked BPG to conduct a full Compliance Review to uncover any and all [ read more ]

Improving Financial Wellness Through Employee Education

Background In 2013, Blue Prairie Group (“BPG”) was asked by one of its retained clients – a large, Illinois-based insurance provider – to implement a financial wellness program for its plan participants. The company consists of a mostly white-collar workforce of 215 employees, geographically distributed between two Illinois locations. The goal of the financial wellness [ read more ]

Restructuring a 401(k) Plan

Background In 2012, Blue Prairie Group (“BPG”) was retained by an Illinois-based hospital to deliver ongoing consulting services to its 401(k) retirement plan. BPG made several recommendations to overhaul the investment lineup, reduce the overall cost of the plan, establish an employee education program, and restructure fiduciary governance. At the time, the hospital’s plan had [ read more ]

Improving the Retirement Future of 7,000 Retail Employees

Background In 2007, Blue Prairie Group (“BPG”) was retained by a large, Wisconsin-based chain of convenience stores to provide ongoing strategic retirement and investment consulting services to the 401(k)/profit sharing plan. As part of its original scope, Blue Prairie Group designed and managed a series of custom target dates funds for the client, who had [ read more ]

Dramatic Fee Savings for Multi-billion Dollar 401(k) Plan

Background One of the nation’s largest and publicly traded waste management providers asked Blue Prairie Group to assist in evaluating the cost structure of their 401(k) plan and help negotiate lower fees with the recordkeeper. At the time, the plan had over $1.7 billion in assets and over 34,000 participants. Results Blue Prairie Group secured [ read more ]

Custom Target Date Funds

Background: BPG created and maintained custom target date portfolios for the Client since 2007. The unitized separate accounts were record-kept by the 401(k) record-keeper and the 5 different “sleeves” showed good risk-adjusted performance based on Blue Prairie Group’s due diligence.  However, with advances in the technology there was an opportunity to move the custom target [ read more ]

Asset Liability Portfolio Design for Defined Benefit Plan

Challenge: A large Atlanta-based client hired Blue Prairie Group to create an investment portfolio for an underfunded DB plan that would minimize investment volatility yet still allow for investment growth. By doing so, the defined benefit pension plan would be able to avoid large swings in pension funding status and as a result, the client [ read more ]

Multi-National Savings Plan Using Off-Shore Funds

Challenge: In 2008, a Texas-based, multi-national Client asked BPG to create an investment portfolio using off-shore funds for the company’s defined contribution retirement plan for its international employees. The Client also wanted to include a well-engineered, diversified target date fund solution in the core lineup. Creating this portfolio proved to be particularly challenging given that [ read more ]

EXCESS REVENUE: A New Paradigm for Driving Down Total Plan Costs

Challenge: A Chicago-based telecommunications company asked Blue Prairie Group to assist them in a due diligent search to select a new service provider. The client wanted to reduce total plan costs. Project Approach: Once the bundled, open investment architecture provider was selected, Blue Prairie Group also assisted the client in sifting through all available ERISA [ read more ]