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Pension

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ACTUARIAL SERVICES

For Employers & Pension Plan Sponsors

Precision Actuarial is a leader in delivering creative solutions to risk management challenges using retirement planning strategies. We are known for our professionalism, responsive solutions, in-depth industry knowledge, and commitment to service. Our leadership team is intimately involved day-to-day with our clients’ plan management, as it is a team effort to successfully service the needs of our clientele. We work closely with accountants, investment representatives, and regulatory and government contracting officers to create a smooth plan installation process and on-going plan execution.

concept

Plan
Design

Ensure your plan design meets current objectives and aligns with future goals.

audit

Plan
Documentation

Plan preparation, summary,  amendment and restatement services.

termination

Plan
Termination

Reduce time and costs involved in terminating your frozen retirement plan.

funding

Plan
Valuations

Expert actuarial valuations of government and private retiree health plans.

ACTUARIAL CONSULTING SERVICES

Administrative

For defined contribution plans that that offer individual participant trust accounts, as well as pooled accounts:

Additional Actuarial Services

Cost Review, Audits & Certifications

Cost Analysis

Cost projections for planning, & implications of amendments, valuation of other benefit plans, nondiscrimination testing

Benefit Calculations

Cost benefit analysis including expected benefits based on demographic review and assumptions

QDRO Calculations & Other Expert Witness

Expert calculations and testimonial services for Qualified Domestic Relations Orders (QDROs) and other legal matters. 

Replacement Ratios

Actuarial analysis of retirement income replacement ratios which are influenced by several important factors and trends.

Actuarial Certifications

For healthcare reform grants and other projects requiring actuarial certification by a qualified, credentialed actuary.

Compliance with IRS, PBGC, and DOL Plan audits

Assistance with preparation and facilitation of plan audits, and negotiating issues to avoid penalties, taxes, and disqualification. 

Cost Analysis

Cost projections for planning, & implications of amendments, valuation of other benefit plans, nondiscrimination testing

Benefit Calculations

Cost benefit analysis including expected benefits based on demographic review and assumptions

QDRO Calculations & Other Expert Witness

Expert calculations and testimonial services for Qualified Domestic Relations Orders (QDROs) and other legal matters. 

Replacement Ratios

Actuarial analysis of retirement income replacement ratios which are influenced by several important factors and trends.

Actuarial Certifications

For healthcare reform grants and other projects requiring actuarial certification by a qualified, credentialed actuary.

Compliance with IRS, PBGC, and DOL Plan audits

Assistance with preparation and facilitation of plan audits, and negotiating issues to avoid penalties, taxes, and disqualification. 

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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:

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:

  • 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.

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. 

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.

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!

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:

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: