Karen Ambrose

Karen Ambrose

Senior Consultant

Karen is a Senior Consultant at BCG.  She is responsible for the operational aspects of terminating qualified defined benefit plans, with a focus on identifying and solving administrative issues relating to the settlement of liabilities in compliance with IRS, DOL and PBGC requirements.

Experience 

Karen Ambrose was a principal and the business leader of the Annuity Settlement division of Mercer located in Chicago. She has expertise in the operational aspects of terminating qualified defined benefit plans, with a focus on identifying and solving administrative issues relating to the settlement of liabilities in compliance with IRS, DOL and PBGC requirements. She has facilitated the wind-up of over 300 defined benefit retirement plans, successfully managing these multi-year, data-intensive and time-sensitive projects. Karen also consulted with clients concerning the use of single premium group annuity purchases as solutions for settling defined benefit plan liabilities. She has managed the placement of over $3 billion in annuities in the past 7 years. 

Prior to joining Mercer in 1991, Karen was both a regional manager and account executive in the pension operations areas of both Equitable Life Assurance and CNA Insurance. She has acquired extensive experience, with more than 35 years in the industry, in the areas of ERISA compliance, defined benefit plan termination and managing complex client relationships.