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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