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How an Independent ERISA Actuary Assists a Corporate Plan Sponsor

With many plan sponsors attempting to dismantle their defined benefit pension plans, a typical strategy is to freeze the plan with the objective of ultimately terminating it.  While freezing the plan halts the untethered increase in liabilities, the plan sponsor does not have sufficient ability to chart a course to increase the assets to the point where the plan can be terminated.  Such frozen plans linger on for years, continuing to drain the energy of Human Resources while no progress is made toward the ultimate corporate objective of termination.