• ERISA Attorneys
• Divorce Attorneys
• Litigators
• Public Plan Sponsors
• Corporate Plan Sponsors
• About
• Contact

 

 

How an Independent ERISA Actuary Assists an ERISA Attorney

Actuaries and attorneys have been natural partners in consulting for defined benefit plans ever since the passage of ERISA. The primary responsibility of actuaries has been to validate the funding status of defined benefit plans for the IRS and PBGC annual reports.

As independent actuaries, we have virtually no conflicts of interest. With flexibility and creativity, we assist the attorney as a third party to:

• fairly evaluate assets and liabilities for due diligence in the event of merger or acquisition
• mediate or analyze conflicting or confusing actuarial reports or recommendations
• respond quickly when fast turnaround is required
• provide independent review during mergers and acquisitions or bankruptcy

Defined benefit plan analyses:

• review funding assumptions for relevance in changing economic times
• make certain the retirement benefits remain targeted to the groups that they were intended to target
• forecast future funding needs
• evaluate the business sense in converting to cash balance plans or terminating
• market annuities when interest rates are appropriate