| Type | Consultancy |
|---|---|
| Industry | Human resource, actuarial and benefits consulting |
| Founded | 1939 |
| Headquarters | New York City, New York 21 offices in 2 countries |
| Key people | , President and CEO; Howard Fluhr, Chairman; |
| Employees | 942 (2009) |
| Website | www.segalco.com |
The Segal Company is a benefits, compensation and human resources consulting firm based in New York City. The company offers services to Taft-Hartley multiemployer trust funds and public sector entities, and to corporate and non-profit organizations through its Sibson Consulting division. It provides actuarial and consulting services to more multiemployer plans than any other consulting firm.[1] In 2009, it was ranked the number 12 benefits consulting firm by Business Insurance.[2]
The company offers services in the areas of actuarial consulting, retirement benefits, health and welfare benefits, compliance, communications, HR administration and technology, fiduciary liability insurance and fidelity bond brokerage, human capital, executive compensation, organization effectiveness, talent management, performance management, strategic workforce planning, compensation and rewards, and sales force effectiveness.
The company's compliance experts wrote and serve as ongoing editors to the Employer's Guide to HIPAA Privacy Requirements and serve on the advisory boards of multiple employee benefit publications.
Martin E. Segal founded the company, then known as the Martin E. Segal Company, in October 1939.[3] It established its first office outside of New York in Chicago in 1954, and opened additional offices in the US and in Canada over the next 20 years.
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 stepped down from his position of Chief Executive Officer. In 1978, a group of Segal employees and consultants purchased the firm. 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.
Segal Advisors, Inc., the Securities and Exchange Commission-registered investment consulting affiliate,, was founded in 1969 and offers independent investment consulting services.
In January 2001, The Segal Company acquired Sibson & Company, a human capital consulting firm, now known as Sibson Consulting.
Today, Segal has nearly 1,000 employees in 22 offices throughout the United States and in Canada.