Actuarial consulting and financial management
When you contribute to your employees’ pension security, you need to have confidence in your actuary.
Through sound financial planning, risk management, and effective plan governance, we support your decision making and guide you to the right program for your organization. Our experience with corporate, public sector, multi-employer, and not-for-profit plans lets us ask the right questions and bring creative solutions to your unique situation. We can help you:
- Plan the future direction of your programs
- Review plan operations and expenses
- Understand and comply with new laws and regulations
- Evaluate and mitigate program risks
- Negotiate pension plans related to collective bargaining agreements
Our actuarial team couples their technical skills with innovative ideas to keep your plans sustainable and ready for what's ahead. We can help with:
Bundled actuarial and administration services: As organizations focus more and more on their business, they need a partner to take the pension plan administration off their plate. Our team has the solutions that relieve you of these tasks.
Asset Liability Modeling: Funded status measures are often our client's most watched lever. Our actuaries and investment consultants model assets and liabilities together so that you can see how your plan reacts in various economic scenarios and develop the best risk mitigation strategies.
Financial disclosure consulting: Financial metrics — such as debt covenants and balance sheet disclosures — have an enormous impact on how you can run your business. Our consultants work closely with you to help you understand and manage the implications of those metrics.
Retirement risk management: Our team will work with you to develop policies that align your organization's financial and human capital objectives. From there, we calculate funding contributions and accounting measures, and explain just how your plans are functioning in light of the current market environment.
Plan participant data review, reconciliation, and remediation: When you see opportunities to annuitize or pay out lump sums from your plan, you need quality data. We've developed a data remediation process that "scrubs" participant data, allowing you to manage your liabilities quickly and proactively.
Alive audits: As part of the data remediation process, we provide audits of records to make sure that the plan participants should still be receiving benefits and that contingent beneficiary information is current. These typically result in a lowered liability when benefit amounts and payment forms are corrected.
Nondiscrimination and other compliance testing: Our actuaries and legal consultants not only provide testing services, they also provide strategic advice to help ensure that, while your plan delivers benefits in line with your objectives, they also comply with appropriate regulations.