A renowned partner known for its unparalleled expertise and commitment to tailor-made solutions, McAteer is actively transforming how businesses navigate the complexities of employee benefits and pension management. It empowers plan sponsors to manage the intricacies of employee benefit plans with confidence and ease through a comprehensive suite of services, including consulting, actuarial services and plan member education. McAteer’s expertise across various areas such as defined benefit pension plans, target benefit pension plans, defined contribution pension plans and employee life and health trusts is at the heart of its proficiency.
Regardless of who the client is—a company, union, association or a combination thereof—McAteer’s industry knowledge drives the creation of tailored solutions that align with client objectives and priorities. It carefully designs plans provided for under collective agreements respecting funding requirements, ensuring benefits meet current contributions and anticipate future need. McAteer excels in programs provided in , unionized settings.
“We specialize in plans where contributions for benefits are negotiated rather than the benefits themselves. This emphasis highlights our capacity to create customized solutions as per negotiated terms and objectives,” says Susan Bird, president.
McAteer begins every client engagement by attentively listening to their requirements before conducting a careful analysis of the same. Then, it collaborates with the plan sponsors to develop specialized solutions that address key factors such as plan design, financing methods and coverage options. Throughout the process, McAteer ensures clients receive the support and guidance they need to effectively deal with the nuances of employee benefits and pension administration. This emphasis on fostering partnerships built on trust, expertise and shared goals is a key differentiator setting McAteer apart from market contemporaries.
Defined by its innovative spirit and ability to deliver meaningful benefits to clients’ members, McAteer embarked on a transformative journey in 2023 with one of its valued clients. Recognizing the pressing need for a tailored solution to address substance abuse in their workforce, McAteer worked carefully with the client to develop a customized program for nationwide implementation.
After meticulously designing the desired program, it took a step further and provided quick access to specialized services geared toward employees facing substance abuse issues. Every aspect of the final program, like identifying suitable service providers, cost estimation and implementation approach, was crafted to meet the client’s needs and brought to life in a matter of months. This initiative showcases McAteer’s nimbleness in rapidly delivering impactful solutions on a national scale.
Conversely, McAteer is at the forefront of the pension administration space, where it empowers members to secure their financial futures with a portfolio of innovative solutions. One such initiative involved developing groundbreaking structures for members under a defined contribution pension plan, which enabled them to continue benefiting even in retirement.
We specialize in plans where contributions for benefits are negotiated rather than the benefits themselves. This emphasis highlights our capacity to create customized solutions perfectly aligned with a client's negotiated terms and objectives. We can’t say enough how important it is that we work with clients who want to innovate and lead in their industry. It is pleasure to be chosen by and work for our great clients.
Knowing the challenges faced by retirees self-managing their pension investments, it partnered with innovative, interested and empathetic pension and benefit sponsors to create powerful strategies for reducing investment fees and providing valuable advice. Ultimately, McAteer leveraged their expertise and collaborative approach to assist retirees in seamlessly accessing the right resources and support—unavailable in traditional defined contribution plans.
Starting with seven employees in 1980, McAteer has since grown to span a 75-strong workforce of dedicated professionals working across offices in Markham and Edmonton. A staunch supporter of the International Foundation of Employee Benefit Plans (IF) and an active member of the Multi-Employer Benefit Council of Canada (MEBCO), the company regularly participates in the preparation of submissions by MEBCO to legislative and regulatory bodies, advocating for the multi-employer pension and benefit plan industry.
Driven by robust internal systems and external advisors honed over 44 years, McAteer continues to lead in employee benefits and pension administration. With employees celebrating decades of service, it is setting the industry standard for innovation and personalized service.
Today, McAteer is a trusted partner in the journey toward achieving financial security and peace of mind.
