ACTUARIAL SERVICES


 

We Take Great Pride in Our Ability

Our range of actuarial services is extensive, and is at the foundation of our ability to provide an integrated solution to your retirement program needs. RHI approaches every actuarial assignment with a commitment to client service, grounded in generally accepted actuarial principles and practices. Our consulting style is personalized and interactive, combining strong technical knowledge with excellent listening skills and a “plain English” communication style.

We help our clients thoroughly understand the actuarial valuation process, enabling them to determine a long-range strategy appropriate for the unique needs of their organization. At RHI, we take great pride in our ability to combine both science and art into our actuarial practice.
The “science” of the valuation process requires the use of advanced mathematics, computer science, probability and statistics, as well as accounting and finance. The “art” of actuarial consulting lies in the development of the valuation model appropriate for each client, based on a thorough understanding of the benefit programs, workforce demographics, and other economic variables.

 

Retirement Horizons Offers a Comprehensive Menu of Services

Services for Private-Sector Plans

Plan Funding Considerations

  • ERISA actuarial valuation to determine funding requirements for IRS qualified pension plans
  • Funded status certifications to satisfy IRS benefit restriction requirements
  • Development of a funding policy

Accounting Considerations

  • Disclosure requirements under US GAAP's ASC 715 and IFRS' IAS 19R
  • Company accounting valuations to determine annual benefit cost and footnote disclosure requirements for both qualified and non-qualified pension plans and other post-employment benefits (OPEB)
  • Assumption setting review

Reporting & Disclosure

  • Annual participant funding notice
  • Form 5500
  • PBGC Comprehensive Filing
  • Personalized employee benefit statements

Other Services

  • Forecast valuations using deterministic or stochastic methodology
  • Plan design analysis, including impact on funding & accounting measurements
  • Union negotiation support
  • Analysis of changes in law or regulations
  • IRS-required nondiscrimination testing
  • Experience studies to review and document actuarial assumptions, make recommendations and provide cost impact results

Services for Governmental Plans

Plan Funding Considerations

  • Statutory funding requirements
  • Development of a funding policy

Accounting Considerations

  • Pension accounting and disclosure requirements for public-sector plans under GASB 67 and governmental plan sponsors under GASB 68
  • OPEB accounting and disclosure requirements for public-sector plans under GASB 74 and governmental plan sponsors under GASB 75 [previously GASB 43 and 45]

Other Services

  • Actuarial audits
  • Experience studies to review and document actuarial assumptions, make recommendations and provide cost impact results
  • Plan design analysis, including impact on funding & accounting measurements
  • Analysis of changes in law or regulations
  • Union negotiation support
  • Personalized employee benefit statements
  • Assistance meeting state reporting requirements