NU Online News Service, April 23, 6:52 p.m. – The Todd Organization Inc., a large, Greensboro, N.C., executive benefits consulting firm, says it has raised $12 million to pay for research, recruit new sales people and improve its training programs.
The privately held firm borrowed $5 million and generated the rest by selling stock to individuals affiliated with the company.
Today, The Todd Organization is clearly one of the top five independent players in the “non-qualified” executive benefits market, according to Mel Todd, the company’s president.
But “the needs of the marketplace are changing,” Todd says.
Companies that fail to invest for the future will have trouble competing, Todd predicts.
The Todd Organization was founded in 1957 by John Todd, who, oddly enough, is not related to Mel Todd. The company sets up and helps administer large bonus programs; deferred compensation programs; corporate-owned life insurance plans; retirement plans too rich to qualify for the usual retirement savings tax breaks; and other high-end benefit programs.
The Todd Organization now has more than 700 corporate clients and 10 regional offices.
In a recent financial filing, Clark/Bardes Holdings Inc., Barrington, Ill., a large, public benefits consulting firm, lists The Todd Organization as one of its top four competitors in the executive benefits market, along with Newport Group Inc., Heathrow, Fla.; TBG Financial & Insurance Services Corp., Los Angeles; and the Management Compensation Group consortium.