Christian Brothers Employee Retirement Plan Announces New Chairman of the Board
Romeoville, Ill., March 10, 2015 – The Christian Brothers Employee Retirement Plan (CBERP), a defined benefit plan, announced Daniel Stremel, CPA, CDFM, as the new chairman of the CBERP board. Stremel replaces Brother Louis Althaus, FSC, who led the board since 1998. Brother Althaus has stepped down from his role as chairman; however, remains on the CBERP board.
Stremel, who has served on the CBERP board for the last 13 years, was nominated as chairman in September 2014, and led his first meeting in March 2015. “My first CBERP board meeting was at the Christian Brothers Services office on September 11, 2001,” recalls Stremel, “a very memorable first meeting with terrorist attacks occurring in New York that day.” Stremel continues, “The CBERP board is as strong as it’s ever been including representation from employees, employers and the Brothers. All with vast knowledge of retirement plans and related issues, such as social justice.”
As chairman, Stremel will focus on well-trained and involved board members who understand the obligation of sound fiscal administration, fiduciary responsibilities and the protection of employee retirement benefits. He is also dedicated to continuing strong working relationships with outside consultants – investment advisors, actuaries, legal counsel and auditors, as well as to continue nurturing relationships with participating employers regarding plan benefits, changes and comparative information about retirement plans, in general.
Stremel believes there are many Catholic organizations that need to consider a defined benefit or pension plan, and the CBERP’s 50 years of experience in assisting organizations and dioceses with frozen defined benefit plan administration would be a definite asset to these organizations.
“Defined benefit plans are viable, and the CBERP has a long track record of taking care of the Catholic Church,” says Stremel. “The professionalism and commitment of the Christian Brothers Retirement Planning Services staff, together with our consultants and board members, has helped develop a pension plan we can all be proud of.”
Stremel sees his transition to chairman as seamless because of his tenure on the board and the similar leadership traits he shares with former chairman Brother Althaus. “Brother Louis has a great leadership style and calm demeanor,” Stremel reflects, “he ensures complete and thorough discussion at meetings. He sparks meaningful conversation as a Christian Brother and employer, which builds on my perspective as a participant and employee.” Stremel hopes to emulate Brother Althaus’ leadership style and sees himself as a forward-thinking leader who is willing to explore new options and ways to improve the Plan. Stremel says, “I will encourage creativity and innovative ways to address the challenges the Plan faces in the current investment and demographic environment.”
Stremel began working for the Diocese of Dodge City, Kansas, as the associate comptroller in 1988 and became the CFO in 1990, the position he still holds today. He graduated with a bachelor’s degree in accounting and business administration from the University of Kansas, Lawrence. After graduating from college, he spent four years at a local CPA firm, working in the areas of municipal auditing and income taxes.
He served nine years on the executive committee of Catholic Umbrella Pool, Catholic Mutual Group (CUP II), three of those years as president of the committee and eight years on the executive committee of the Diocesan Fiscal Management Conference (DFMC) where he was president of the conference in 2009. He holds a Certified Diocesan Fiscal Manager (CDFM) – DFMC certification recognizing competency in Catholic Church Temporal Administration as a specialized field of study – 2009, certificate #2.
He received the Pro Ecclesia et Pontiface award, the highest medal awarded to a layperson by the Papacy, and one of only a few diocesan CFOs to have received the honor. He is involved in various community, church and youth organizations in and around Dodge City, Kansas, where he makes his home. “It’s about the Plan – not me,” stresses Stremel, “I feel strongly about contributing to CBS’ successful defined benefit retirement plan.”
About Christian Brothers Services (cbservices.org)
Founded in 1960 and headquartered in Romeoville, Illinois, Christian Brothers Services is a nonprofit, Catholic organization that administers cooperative programs in the areas of health/retirement, property/casualty and consulting/technology to church organizations.