Altman & Cronin provides a full suite of actuarial valuation services for clients with defined benefit retirement plans. These services include IRC 430 funding calculations, IRC 436 benefit restriction calculations and AFTAP certifications, Form 5500 filings and Pension Benefit & Guaranty Corporation forms and calculations.
We provide financial disclosure information and analysis as required under ASC 715 (formerly known as FAS 87/106/132/158) and IAS 19.
In today’s economic environment, it is imperative that plan sponsors project financial results into the future under a variety of economic scenarios. We assist clients in strategic financial planning through the use of financial modeling.
We assist clients with management of the risk inherent in pension programs. We provide asset/liability modeling services and consult with clients on decisions related to partially or fully de-risking their liability profile. These discussions could include strategically shifting some liabilities from the plan to an insurance company.
We provide a range of compliance testing services depending on the requirements of our clients’ specific plans. These testing services include coverage and benefits testing under IRC 410 and IRC 401(a)(4), Top-25 analysis, and Top-Heavy testing under IRC 416. Equally as importantly as getting the tests “right,” we consult with our clients around anticipated compliance issues and help address them proactively.
We provide a spectrum of strategic plan design services for retirement programs. Areas of consideration we reflect in our plan design advice include client cost objectives, benefit benchmarking, and legal and compliance issues such as PPA benefit restriction issues and nondiscrimination testing concerns. We provide plan design consulting for traditional defined benefit plans, hybrid designs, cash balance and variable annuity plans, and executive plans.
We conduct vendor searches for complex assignments for which a global firm is sought by a client. Our experience as consultant and actuaries allow a knowledgeable evaluation of the alternatives for such searches and enables us to separate out key differentiators from marketing verbiage.
Many M&A deals include pension issues which can be extremely complex. These range from financial cost and risk concerns to administrative recordkeeping issues. We are able to assist both buyers and sellers in analyzing due diligence issues related to the pension plan.
For some large employers, creative structuring of various divisions of the company can result in increased retirement savings opportunities for employees who would otherwise be limited under general compliance rules. We work with many clients in developing such structures.