Services for CPAs and Financial Planners

Our actuarial consulting department assists our clients with their actuarial needs, including the evaluation of the funded status of defined benefit pension plans on an ongoing basis, termination basis and/or on a GAAP basis, which includes an analysis of projected future cost. Our actuaries also will determine the impact of the new mandated Pension Protection Act funding rules on future plan costs and recommend changes to defined benefit plans to control those costs.

Government Accounting Standards Board (GASB) #45

All public sector employers are required to value post-retirement health benefits and other non-pension benefits. Our actuaries have extensive experience in assisting public sector employers, including cities, towns, villages and school districts in complying with these GASB #45 rules.

Valuations for Matrimonial Matters

The firm’s actuaries prepare valuations in matrimonial matters that include (1) computing the present value of the respective spouse’s pension benefits; (2) the tracking of defined contribution plan accounts from the date of marriage to the marital action date or the date of divorce or the current date; (3) providing assistance in interpreting the retirement plan benefits earned by the respective spouses; and (4) preparation of present value schedules.

Financial Accounting Standards Board (FASB) #106

Private sector employers are required to value post-retirement health benefits and other non-pension benefits. Our firm’s actuaries have performed countless calculations for private sector employers who offer these benefits.

We provide sophisticated assistance to existing clients and others, with plan audits conducted by the IRS, the DOL or the PBGC. In addressing plan audits, we draw on our vast experience and expertise, with the goal of minimizing, if not eliminating, governmental sanctions.

Depending upon the circumstances, we will either take the lead in the matter or, if so requested, provide technical support and counsel to the CPA or other professional who is dealing with the government auditor.

Please contact Andrew E. Roth, Esq. at
914-948-1556
aroth@dmlawyers.com

Please contact Andrew E. Roth, Esq. at
914-948-1556
aroth@dmlawyers.com
to request a complimentary review of your client’s current qualified retirement plan structure

Please contact Andrew E. Roth, Esq. at
914-948-1556
aroth@dmlawyers.com
or fill out our online form to request a complimentary plan study and proposal for your client Retirement Plan Proposal.

We are frequently engaged to design a retirement plan for our clients. When we design a new plan, our objective is to develop the plan that is best suited to meet the client’s particular goals and objectives, taking into account relevant business and financial considerations and tax implications.

We also consider various defined contribution plan models, such as profit-sharing and 401(k) plans that allow for employee contributions, as well as cash balance plans and more traditional defined benefit pension plans. We communicate our actuarial studies and recommendations to the client and the client’s financial advisor and determine with them which option is most appropriate, given the specific facts of the client’s business operations and industry conditions.

Once the client has selected the type of plan, we implement the decision by preparing the plan document, summary plan description and related forms.

Existing Plans

We also review existing plans prepared by others to see what improvements can be made to better accomplish the business owner’s goals. Frequently these goals include reducing plan contribution costs or increasing benefits for owner/management. As in the case of a new plan, we review and analyze the employee demographics, prepare a study and make specific recommendations. When changes are indicated we are available to prepare the legal documents to put the revised program into effect.

Please contact Andrew E. Roth, Esq. at
914-948-1556
aroth@dmlawyers.com