Company Filing History:
Years Active: 2012
Title: Duane Lauren Hughes: Innovator in Pension Plan Termination
Introduction
Duane Lauren Hughes is an accomplished inventor based in Montclair, NJ (US). He has made significant contributions to the field of pension plan management through his innovative ideas and patents. His work focuses on creating efficient systems that benefit both pension plan participants and sponsors.
Latest Patents
Hughes holds a patent for a "System and method for termination of pension plan through mutual annuitization." This patent outlines a unique approach to terminating pension plans by forming a dedicated mutual insurance company. The mutual insurance company issues annuity contracts to plan participants, ensuring that they have governance rights and participation in the company's profits. The process involves the payment of a premium by the pension plan, which is calculated based on a reduced cost of capital requirement.
Career Highlights
Duane Lauren Hughes is currently employed at Morgan Stanley & Co. Incorporated, where he applies his expertise in financial services and pension management. His innovative approach to pension plan termination has garnered attention in the industry, showcasing his ability to blend finance with inventive solutions.
Collaborations
Hughes has worked alongside notable colleagues, including Caitlin Long and William Edward Ryan, III. Their collaboration reflects a commitment to advancing financial solutions and improving pension plan management.
Conclusion
Duane Lauren Hughes is a pioneering inventor whose work in pension plan termination through mutual annuitization has the potential to reshape the industry. His innovative ideas and dedication to improving financial systems make him a valuable asset in the field.