Defined Benefit Plans and Cash Balances Plans are the most complex of all retirement programs. Summit prides itself on having four of the best enrolled actuaries in the business to help plan sponsors design and manage these programs. The Pension Protection Act of 2006 has added substantial reporting and administrative requirements to the already complex maze of compliance requirements. Summit is at the forefront of addressing clients’ needs in this challenging retirement plan marketplace.
Proper plan administration is critical. Summit relieves the sponsor of this burden with professional administrative support and consultation.
Actuarial Consulting Services:
- Pension Funding Valuations
- Plan Design and Consulting
- Funding Projections and Planning
- Plan Termination Analysis and Administration
- Mergers & Acquisitions
- Ad Hoc Actuarial Analysis
- Attestations for Medicare Part D Reimbursement
- FASB 87/88/158 Accounting for Pension Plans
- FASB 106/158 Accounting for Retiree Medical Plans
- Benefit Calculations
- Participant Reporting
- Forms and Notices Processing
- Lump Sum/Annuity Calculations
- Employee Call Center Assistance
- QDRO Processing