Services
JLM Actuarial provides the following actuarial valuation and consulting services for sponsors of Defined Benefit (DB) plans, Other Post-Employment Benefit (OPEB) plans and Supplemental Executive Benefit Plans (SERPs):
Defined Benefit Plan Actuarial Valuations and Consulting
We provide comprehensive actuarial valuation services for public and private sponsors of Defined Benefit (DB) pension plans. Each of our clients has direct access to a senior consulting actuary to ensure client satisfaction. In addition to providing practical advice regarding mitigating the financial and compliance risks related to DB plans, our standard services include:
- Annual actuarial valuation and report
- Required signature ready government forms (IRS and PBGC)
- All required notices and certifications (including the Annual Funding Notice and AFTAP Certification)
- Annual accounting valuation and required financial statement disclosures (FASB or GASB)
- Comprehensive plan administration (“benefit calculation”) services
In addition, we provide plan design analysis, asset/liability modeling and non-discrimination testing services. For clients who maintain cash balance plans, we provide IRC §401(a)(4) “cross-testing” services.
Other Post-Employment Benefit (OPEB) Valuations
For public and private employers sponsoring post-retirement welfare plans for retirees, we provide actuarial services related to GASB 74/75 (for Governmental Plan Sponsors) and FASB ASC 715 (for Private Plan Sponsors). Our services include:
- OPEB actuarial valuations
- Preparation of required Financial Statement disclosures and exhibits
- Consulting related to OPEB management strategies
Supplemental Executive Retirement Plan (SERP) Actuarial Valuations and Consulting
We provide actuarial valuation and consulting services for sponsors of non-qualified SERPs. Our services include:
- Annual actuarial valuation and report
- Preparation of required Financial Statement disclosures and exhibits
- Participant statements
- Cash flow and expense modeling
- Plan design consulting
Other Services
- Plan Design Consulting
- Replacement Ratio Studies
- Asset Liability Studies
- Benefit and Present Value Calculations
- Plan Administration Services and Consulting
- De-risking and Plan Termination Services
- Pension related Merger and Acquistion Consulting
- Actuarial Audits and Independent Third Party Review
- Pension database analysis and setup, including data clean-up