Business briefs for March 10
Engelhard joins Mutual of Omaha
Mutual of Omaha Retirement Services announced Thomas Engelhard has joined the company as regional sales manager responsible for 401(k) product sales in Wisconsin, Minnesota, North Dakota and Eastern Iowa.
Mutual of Omaha has recently made changes to its distribution, revamping territories and naming four new regional sales managers who consult with advisers to meet the 401(k) retirement needs of employers and their employees, said Pat Bello, national sales director of 401(k) at Mutual.
According to Bello, Engelhard’s addition to the company brings a wealth of knowledge and experience to this market and will help align Mutual of Omaha Retirement Services to be the 401(k) product provider of choice for the small to mid-sized market. Prior to joining Mutual, Engelhard served as regional director for Pentegra and AUL and was a regional sales director with The Hartford for more than 22 years.
He is a graduate of Miami University in Oxford, Ohio, and received his MBA from Loyola University in Chicago. Engelhard holds his AIF(r) designation and is a registered representative of Mutual of Omaha Investment Services, Inc., member of FINRA/SIPC.
North Star promotes Blowers, Norland
North Star Mutual Insurance Company of Cottonwood recently announced the promotions of John Blowers and Craig Norland in the Information Technology department.
Blowers was promoted to manager of IT Infrastructure. Prior to his promotion, he was serving as assistant manager of the IT Department with oversight of PC/Networking Services. He started with North Star in May 1996 as a PC coordinator. Blowers and his wife, Deb, live in Marshall and have four children.
Norland has been promoted to manager of systems development. Prior to his promotion, he was serving as assistant manager of the IT department with oversight of several areas of software development. He started with North Star in June 1988 as a programmer trainee. He and his wife, Debra, live in Cottonwood.
Patrons of CHS Marshall share in CHS cash distribution
About 1,050 eligible patrons of CHS Marshall will share in the distribution of $4 million in cash patronage, equity and other economic returns during 2014 based on business they’ve conducted with the company. (earnings 4.17 M)
“We’re extremely proud that we once again can deliver this important benefit of being part of a cooperative business to our customers and owners,” said Todd Reif, general manager. “One of the most important ways we help producers grow is by delivering an economic return on the business they do with CHS Marshall. This along with the quality energy and crop inputs, crop marketing and services we provide year-round underscores the added value of being a cooperative system owner and customer.
“Through their ownership in a cooperative like CHS Marshall, not only do they have access to products and services, they also share in our success and that of the integrated CHS system.”
CHS Marshall is a locally controlled retail division of CHS Inc., the nation’s leading producer-owned cooperative.
During 2014, CHS Marshall will allocate a total of $2.8 million in patronage dividends to its eligible customers based on business done Sept. 1, 2012 Aug. 31, 2013, of which $1.3 million is being paid out in cash.
Overall, CHS expects to return an estimated $433 million its second highest return on record – during its 2014 fiscal year in cash patronage, equity redemptions and dividends paid on preferred stock to about 1,100 eligible cooperatives and more than 50,000 individual members and others in 49 states. CHS net income for its fiscal year ending Aug. 31, 2013, was $992.4 million.
Patronage is based on business done with CHS during fiscal 2013, while equity redemptions represent retirement of ownership in CHS earned in past years. From its establishment in 1998 through the current distribution, CHS has returned more than $3.5 billion in cash to its owners.
If they have not already done so, individuals who have reached age 70 and representatives of the estates of deceased members are encouraged to contact Reif and request redemption of their equity.
CHS makes equity redemptions to eligible individual direct members throughout the year, based on attaining age 70 or estate retirements, but potentially eligible individuals must initiate contact.
ACMC-Dermatology Receives National Recognition for Psoriasis Laser Program
In September 2014, ACMC-Willmar Dermatology began offering a new laser treatment for the safe and effective relief of plaque psoriasis (XTRAC Laser). The treatment works to treat itchy, painful psoriatic patches by concentrating a laser light directly on the affected areas of skin.
Just four months after ACMC Dermatology began treating patients with the new Laser Program, it was recognized as one of the premier XTRAC locations in the nation. In recognition of its mastery of the program and patient success in the treatment of psoriasis and vitiligo, ACMC Dermatology has received the 2013 XTRAC Circle of Excellence Award.
ACMC dermatologists also offer outreach services in Benson, Granite Falls, Litchfield, Marshall, Paynesville and Redwood Falls.