Retirement Pension Actuarial Services
Our core business line is the valuation and third-party administration of traditional pension plans. Actuarial services are provided by a highly trained and credentialed actuarial staff.
Among the services we provide are the following:
Actuarial Valuations for Defined Benefit Pension Plans
- Prepare annual valuation reports with clearly written executive summaries
- Provide FAS 87/FAS 132 or GASB pension expense information for upcoming year
- Answer auditors' letter at year-end for financial statement disclosures
- AFTAP certification
Defined Benefit Plan Administration
- Prepare annual returns to EBSA (5500) and PBGC on a signature-ready basis
- Perform annual coverage and non-discrimination testing, as needed
- Prepare Summary Annual Report or Annual Funding Notice and participant statements
- Process plan benefits that become due as a result of termination/retirement
- Online participant access available
Regulatory Compliance and Plan Design
- Apprise clients of any recent developments that may affect their retirement plan
- Draft plan amendments and/or restatements for review by corporate legal counsel
- Determine the cost of proposed plan amendments
- Assist in all aspects of plan terminations
- Assist with voluntary compliance program
PERS Feasibility Studies
- Provide an independent estimate of the actuarial liabilities of benefits under PERS
- Determine the effects of settlements, curtailments, and special termination benefits
