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At FACT we give independent and common sense-driven actuarial and administrative advice for all of your employee benefit plans, including:
- Defined benefit pension
- Defined contribution
- Medical and prescription drugs
- Dental
- Vision
- Disability
- Life insurance
Our specific actuarial services are as follows:
- Performance of actuarial valuations for purposes of plan funding, compliance and preparation of government filings
- Performing plan design studies and educating trustees and plan sponsors on all available options to ensure the plan design selected meets the needs of the covered participants
- Consulting on matters of withdrawal liability and other special calculations related to multiemployer pension funds
- Cost-impact calculations and projections to assist with plan changes, benefit design and labor negotiations
- Post-retirement valuation work for medical benefits and life insurance plans
- Representing client funds on issues related to assessing and contracting with third-party providers of medical services, prescription drugs, and administrative services
- Consulting on issues relating to plan administration
- Representing clients on actuarial issues with government agencies such as the IRS, DOL and PBGC
- Calculations related to prospective mergers and/or spin-offs of pension and welfare funds
- Certification of individual participants’ benefit entitlements, and
- Supervision and production of benefit statements.