Company Profile
Segal Group
Company Overview
For 75 years, The Segal Company has been providing benefits and human resources consulting for multiemployer trust funds and public sector organizations. As a private employee-owned actuarial and consulting firm, Segal is a completely independent organization. Our independence allows us to provide completely unbiased consulting services for our clients.
Headquartered in New York City, Segal has offices throughout the United States and in Canada.
At Segal, we maintain our client relationships by providing timely and quality services at the highest level. To ensure that we meet our high standards for quality consulting, we incorporate:
- A team approach to consulting
- Thorough peer review
- Annual client satisfaction surveys conducted by senior managers
- National professional standards and training for actuarial and consulting staff
- Investment in company-wide education on quality control
The Segal Company (Segal) consultants and technical staff are highly collaborative members of client teams. No matter what your role is, immediate opportunity exists to make significant contributions to client projects and relationships and to positively influence the delivery of creative and successful solutions.
Whether you are applying for a consulting-track or an internal support-oriented role, Segal seeks individuals who are achievers, professional in demeanor, collaborative and possessing excellent critical thinking, problem solving, listening and communicating skills.
Company History
Martin E. Segal founded The Segal Company, then known as the Martin E. Segal Company, in October 1939. His sister, Esther, was the company's first employee, serving as telephone operator, secretary, and bookkeeper. In the decades since then, that two-person staff located in a one-room office at 347 Fifth Avenue (opposite the Empire State Building) has grown to become one of the nation's leading firms of benefit, compensation and human resources consultants.
Segal established its first office outside of New York in Chicago in 1954. During the next 20 years, our reputation and expertise increased dramatically. To accommodate the increased demand for our services, we opened additional offices throughout the U.S. and in Canada.
From our very beginning, we have been dedicated to the development of all aspects of employee benefits. This dedication resulted in innovations in every area of the employee benefits field. Many widely accepted benefit practices were first conceived, designed, and introduced by Segal.
Independent and Employee-Owned
In July 1967, the company was sold to what was then known as Wertheim and Company, an investment banking firm. At the time, Martin E. Segal relinquished the position of Chief Executive Officer. In 1978, a group of Segal employees and consultants purchased Segal from Wertheim and Company. Employees are now the sole stockholders, and ownership of the company is vested in those who are actively leading it.
Mr. Segal served as Chairman of Segal's Board of Directors until 1991 when he was named Founder and Chairman Emeritus and the company changed its name to The Segal Company. Martin Segal died in August 2012.
Continuing to Grow
In 1969, an investment consulting affiliate of The Segal Company, registered with the Securities & Exchange Commission was founded as Segal Advisors, Inc. It offered independent investment consulting services. In 2012, Segal Advisors acquired Rogerscasey, a global investment solutions firm. The combined entity, Segal Rogerscasey, is a leading global investment solutions firm that provides innovative, client-driven consulting advice and outsourcing solutions. In 2013, Segal Rogerscasey became a founding member of the Global Investment Research Alliance.
In 2001, Segal acquired Marjorie Gross and Company, an award-winning firm specializing in communicating benefits and compensation information, as well as building strategies for effective employer communications. The MGC team was fully integrated into Segal and provides employee communications consulting services for all Segal clients.
In 2002, Segal acquired Sibson Consulting, a human resources and compensation consulting firm founded in 1959. Sibson provides strategic HR solutions related to the planning, implementation and operation of total rewards, compensation, retirement and health benefit programs. Sibson's services encompass talent management, benefits, organization design, sales effectiveness, change management and HR technology.
In 2006, Segal acquired Irwin Tepper Associates, Inc., a consulting firm that specialized in asset/liability analysis for employee benefit programs and other organizations.
In 2013, Segal announced that its Fiduciary Liability Insurance Practice was incorporated as the insurance brokerage subsidiary of The Segal Group, Inc., and named Segal Select Insurance Services, Inc. Segal Select works with plan sponsors and Boards of Trustees to obtain a full range of fiduciary insurance and fidelity bond coverage as well as employment practices liability insurance and cyber liability coverage
Notable Clients
Multi-Employer; Public Sector, Corporate
Notable Accomplishments / Recognition
We are a privately owned organization. There are very few competitors in our industry that can make this claim today. What this means to us is that we are strategically agile as a business because we are masters of our own destiny. We have the ability to make and implement business decisions very quickly having to do with the direction of our firm.
We are smaller in size and are not defensive about it. We have the critical mass needed in terms of talented people and range and diversity of services to successfully retain clients, but importantly, to be out there competing for new busines. Our smaller size means providing a culture and working environment that is more collegial and collaborative. You won't feel like an "employee number".
There are competitors that play in more than one client markets, but none has formally structured and resources its business to cater to three distinct client markets as we have. The diverse client mix creates greater financial stability as our economy fluctuates. It also offers opportunity for more diverse exposure to clients.
Benefits
Segal offers a comprehensive and competitive benefits program for employees and their families. From medical coverage to profit sharing and from vacation days to tuition reimbursement, the company provides an array of benefit choices and services. These benefits can both address your health and retirement needs and help you meet the challenges in balancing the demands of work with your personal life.