Analytical review of a benefits program's design, strategy, and claim history

• Develop, document, and implement performance standards for vendors.

• Areas of Focus:

  • financial cost and accuracy

  • administrative quality, accuracy and customer satisfaction

• Develop monitoring tools for compliance with performance standards.

• Advise in contract negotiations and renewals with vendors.

• Prepare "request for proposals" for vendors & products to implement benefit plans.

• Recommend alternative designs based on emerging plan costs and industry best practices.

• Provide the technical expertise needed to implement forward thinking program changes.

• Develop and manage timelines for decisions around program changes, financial quotations and renewals.

Provide comprehensive actuarial, technical and strategic consulting on a broad range of all qualified and non-qualified retirement plan issues including:

• plan design studies and interpretations,

• plan administration,

• plan testing and plan audits,

• plan investment policies and the selection of investment managers.

• Forecasting of contribution & expense results based on varying economic assumptions.

Perform annual actuarial valuations. Which includes:

• gathering participant data;

• preparing data request letter;

• reconciling participant data year over years;

• providing data edits and corrections;

• gathering asset information;

• discussing actuarial assumptions for contribution purposes;

• delivering contribution results;

• presenting final actuarial valuation report.