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415-801-5987
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info@precisionactuarial.com
Address
11750 Atwood Road, Auburn, CA 95603

Expert Witness

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Actuarial Services

Litigation Support & Expert Witness Testimony

As actuaries we work with insurance companies, plan sponsors, businesses, employers and other types of entities across a wide range of industries to help them analyze and mitigate financial risk. As such, we have extensive training and experience using sophisticated mathematical models, and translating complicated data to information that is clear, concise, and easy-to-understand.

We provide expert testimony and litigation support for settlements, trials, regulatory and other matters requiring our expertise.

  • Healthcare
  • Pension
Learn More

Transactions involving healthcare risk bearing entities and insurers can be tricky and should require the expertise of an actuary whose education and expertise is at the core of estimating and managing such risk. 

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Plan Termination

When it’s time to terminate your plan, you can trust us to help you take the necessary action, which is, no doubt, a complicated process. As actuaries, we assist with the entire process of winding-up the operation of a plan to submitting required IRS and PBGC paperwork and finally distributing the plan’s assets.  These services include:

  • Preparation of amendments and resolutions (for review by legal counsel) to freeze or terminate the plan
  • Preparation of plan amendments (for review by legal counsel) necessary to bring plan into compliance prior to termination
  • Drafting §204(h) notices that inform participants of the intent to freeze or terminate a plan (for review by legal counsel)
  • Drafting Notice of Intent to Terminate (for review by legal counsel) in compliance with PBGC requirements
  • Drafting employee benefit calculation and information notices
  • Completion of IRS Form 5310 and the final Form 5500
  • Completion of PBGC Form 500, Schedules EA-S and REP-S and required attachments
  • Calculation of final benefit amounts and preparation of distribution paperwork
  • Completion of PBGC Form 501, post-distribution certification
  • Completion of Forms 1099-R and 945, if requested
  • Completion of Forms 1099-R and 945, if requested
  • Representation before IRS and PBGC auditors, if necessary

Plan Documentation

We reduce the administrative burden and financial risk of the required plan document and related forms for your retirement plan(s). As actuaries, we ensure you are compliant, while streamlining the process. Our plan documentation services include:

  • Preparation of new plan documents
  • Drafting proposed language for individually designed plans and client-requested changes to plan documentation
  • Plan Document and Administrative Policies
  • Summary Plan Description
  • Ancillary Beneficiary Forms
  • Salary Deferral Agreement, if applicable
  • 401(k) Safe Harbor Notice, if applicable
  • Participant Loan Policy, if applicable
  • Consultation with the client’s attorney to assist in plan preparation.
  • Preparation of plan for submission to the IRS
  • Plan amendments
  • Plan restatements

Plan Design

We make sure your retirement plan fits the diverse needs of your employees, while also meeting company goals and objectives. As actuaries, we walk you through the entire plan sponsor process, from plan design and choosing the right investment options to plan administration and more. 

  • Provide studies of costs and benefits of different types of retirement plans, including defined benefit, defined contribution, age-weighted, new comparability, cash balance, and floor-offset plans
  • Recommend the best plan design and perform any necessary testing to ensure compliance with applicable portions of the Internal Revenue Code
  • Review benefit provisions and projected financial costs to ensure that the plan is meeting your goals for retirement planning
  • Recommend amending future benefit provisions to align with your objectives, when applicable

Retiree Valuations

Let us handle it for you! As actuaries, we have a thorough understanding of FASB and GASB standards and will do the hard work for you.  We provide actuarial accounting, funding, and financial reporting valuations and guidance for employers who sponsor pension and other post-employment benefit (OPEB) plans.

  • FASB ASC Topic 715 retiree healthcare valuations
  • FASB ASC Topic 965 retiree healthcare valuations
  • GASB 43/45 retiree healthcare valuations
  • GASB 77/78 retiree healthcare valuations

Experience Reporting

Make intelligent data-driven decisions and optimize every aspect of your benefit plans. We utilize powerful visualization tools to deliver insights how and when you want them!

  • Reporting of health plan costs, integrated with other budget components as desired, on a monthly, quarterly, annual, or ad hoc basis
  • Monitoring of key healthcare-related benchmarks

Government Programs

We have extensive experience in the Public & Government Health sphere with programs such as  Medicare, Medicaid, and the ACA-Exchange Marketplace.  As actuaries we routinely analyze the impact of legislative mandates, as well as proposed legislation, and offer unbiased solutions to plan sponsors, regulators, and other governmental decision makers regarding state and federal health programs.  This includes:

  • Pricing
  • Bid Support
  • Reserving
  • Feasibility Studies
  • Population Health
  • And more

Self-Funded Health Plans

Let us help you save time and money. As experienced healthcare actuaries, we provide insights to minimize financial risk, ensuring informed decisions that are aligned with your goals and budget. We help you determine your best options for self-funding your employee health benefits through the following services: 

  • Rate renewals
  • Funding and budget projections
  • Reserve setting, including IBNR and premium stabilization reserves
  • Plan and benefit pricing
  • Trend calculations and analysis