Our actuarial consulting services for Benefit Plan sponsors include:

Plan Design – An effective plan design assures that benefit dollars are spent wisely.

• Review plan for cost effectiveness
• Assist in bid process and selection
• Review plan options / cafeteria plans
• Evaluate financing / insurance arrangements

M&A Support – During the purchase or sale of a business, benefit plan considerations are important.

• Calculate any impact on purchase price attributable to benefit plans
• Develop strategies for separating or combining multiple benefit plans

Financial Analysis for Self-Funded Plans – It is important to maintain plans on a sound financial footing and to provide reliable cost projections.

• Calculate reserves
• Provide annual cost projections
• Recommend contribution rates
• Determine COBRA rates
• Assist in the purchase of aggregate or specific stop-loss insurance
• Suggest plan change alternatives to save costs
• Measure effectiveness of managed care networks and programs

Litigation and Disputes – Actuarial expertise can be a key component in shaping winning strategies when litigation matters involve insurance or benefit plan issues. We can also assist in responding to DOL challenges of health and welfare plans.

General Support – Business decisions should be made in the framework of established plan objections, with ongoing monitoring of results.

• Support planning and forecasting, including definitions of goals and strategies
• Develop management reports
• Analyze plan experience

Participant communications – We can help assure that communications are accurate and easy to understand.