Retirement plan sponsorship today entails more challenges and more opportunities than ever before. Change is being driven by new HR strategies, enabling technologies, new laws and regulations, demographics and volatility of retirement assets. New retirement plan designs have emerged and new funding mechanisms have been identified. Further, with a greater portion of employee retirement assets committed to defined contribution plans, issues of investment education and asset allocation are becoming more significant to providing a successful retirement program.
Our retirement benefits services practice helps companies address these issues and more. We provide annual actuarial valuation and related services to a wide range of companies, as well as assisting a large number of clients with specific issues that they may have. For example, under the current economic conditions, companies are examining their pension plans and looking for ways to stabilize pension expense and improve pension investment performance. Retirement benefits services helps companies address the need to mitigate pension expense volatility and enhance investment performance by utilizing sophisticated asset allocation, hedging, and risk management strategies.
We help companies fund other benefits such as executive plans, severance benefits, and international benefits utilizing tax efficient vehicles. We also assist with the development of new qualified plan arrangements, implementation of cash balance plans and other hybrid arrangements, and vendor search and selection.
We help companies address compliance issues—performing compliance reviews, and working through discrimination testing issues by assisting companies with creating and implementing new plan designs, strategic communications, and funding alternatives.
Retirement benefits services include:
- Retirement benefit services
- Actuarial valuations
- Cost management reviews
- Financial reporting support – domestic and foreign
- Compliance reviews and non-discrimination testing
- Reporting, disclosure, and filings
As well as:
- Defined contribution, defined benefit, and cash balance plan design and implementation assistance
- Defined contribution operational reviews and vendor selection implementation assistance
- Plan (or fund) performance measurement
- Pension asset mix effectiveness services
