Consulting Actuary

Reports to Senior Managers / Owners

The Consulting Actuary position duties include: review of and performing annual administration for defined contribution and/or defined benefit plans, preparing and reviewing of annual reports, signing as enrolled actuary on Schedule SB, AFTAP and other forms as needed, interpreting and reviewing plan documents, tracking data and following up with clients and identifying potential plan redesign opportunities. This position reports to Senior Managers / Owners.

Primary Responsibilities:

Preparation and review of annual reporting and use of judgment required on qualified defined contribution and/or defined benefit plans for Senior Manager / Shareholder review including:

  • Review and Interpret the plan document specifications and apply to the employee / participant
  • Prepare optimum contribution allocation;
  • Review reconciled trust accounts to plan accounts;
  • Perform and review non-discrimination testing (combined plan where applicable);
  • Calculate minimum required contribution, maximum deductible and recommended contribution for the DB plan;
  • Calculate maximum benefits (415(b)) as needed;
  • Prepare / Review IRS Forms 5558, 5330, and 5500 (including Schedule SB) and, from time to time, Forms 5307 and 5310;
  • Prepare PBGC Forms;
  • Calculate required minimum distributions;
  • Prepare excel testing and contribution file for comparison to pension software file output;
  • Identify highly compensated and key employees and assure minimum allocations to non-highly compensated and non-key employees are met;
  • Review distribution and loan disclosures and paperwork based upon plan provisions
  • Prepare / Review / Sign Plan Termination submission as applicable (i.e., PBGC, IRS)
  • Prepare / Review amendments and plan documents;
  • Respond / Communicate with governmental agencies as needed;
  • Prepare illustrations and provide consulting support for potential clients

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