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Defined Benefit Plan
Services
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Technical complexities and increasing government regulations make it imperative that you choose an employee benefits firm with strong creative design and the highest level of administrative competence. Here are some of the defined benefit plan services FBD provides:
- Enrolled Actuary and DB Administrator on staff
- Plan design and consulting
- Plan enrollment and participant communication
- Actuarial certification
- Annual actuarial valuations of liabilities and determination of contribution requirements
- Analysis of experience under DB plan to determine the relationship between actual and anticipated results, resulting in proper actuarial assumptions
- Financial forecasts of cash flow requirements for DB plans, both for budgeting purposes and long-range organizational financial planning
- Discrimination testing
- Coverage and participation testing
- Employee benefit certificates
- Signature ready 5500 and Pension Benefit Guaranty Corporation (PBGC) forms
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