T. Rowe Price has hired Linda Delivorias as a senior defined contribution strategist in the firm’s full-service defined contribution plan recordkeeping business.
In this role, Delivorias will consult with key institutional relationships on a variety of plan governance, plan design and fiduciary policy matters and will partner across the business “to enhance T. Rowe Price’s client engagement model,” according to the Baltimore-based investment bigwig.
She will also serve as a subject matter expert and DC industry thought leader for the firm.
Delivorias is well-known and respected across the DC industry, the company notes.
Most recently, she was a partner with Mercer, with broad responsibilities in the DC and financial wellness areas.
In her role, Delivorias led a team responsible for evaluating plan sponsor retirement program design and governance structures, conducting service provider evaluations and searches, and developing intellectual capital and training materials on various 401(k) topics.
She consulted for several Fortune 100 companies during her tenure at Mercer. Earlier in her career, she worked at Deloitte as an employee benefits tax manager and as an ERISA attorney at prominent Washington, D.C. law firms.
“T. Rowe Price remains committed to providing excellent service to our growing roster of clients,” Aimee DeCamillo, head of T. Rowe Price Retirement Plan Services, said in a statement. “We continue to place a high priority on nurturing our strong existing talent as well as attracting top talent from outside the firm. Linda is widely recognized and respected in the retirement industry and her vast knowledge and proven skill set will be a significant addition to our team.”
As of June 30, 2017, T. Rowe Price Retirement Plan Services served 1.9 million plan participants across 3,800 plans with $172 billion in assets under administration.
In recent years, the firm has been expanding its commitment to the business, building out capabilities to serve plans of all sizes and types, adding key talent, and supporting participants through web, mobile and phone channels.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
