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Defined
Benefit Plans
Actuarial Consulting
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Innovative plan design
consulting
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Annual actuarial valuation
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FAS 132 disclosure
information
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Retiree medical plan
measurement and consulting
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Non-qualified plan
consulting
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Asset/Liability modeling
Plan Administration
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Complete plan outsourcing
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Participant and retiree
recordkeeping
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Electronic data
transmission
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Form 5500 preparation
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Non-discrimination testing
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Plan Document and SPD
preparation for counsel review
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Compliance services
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Online benefit
calculations
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PBGC form preparation
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Summary Annual Reports for
participants
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Nyhart
provides professional, client-responsive pension administrative and
actuarial services to sponsors of defined benefit plans. Historically,
the traditional forms of these plans have been the backbone of the
private, multiple employer and multi-employer retirement system and
they continue to require the highest level of expertise for successful
operation. In recent years, creative and innovative nontraditional
forms of defined benefit retirement plans, such as cash balance and
pension equity plans, have been developed and our staff understands
their special provisions.
The Nyhart team supports your goals and needs in designing the
benefits that will best suit your organization. These services are
offered by Nyhart’s professional consultants, enrolled actuaries,
experienced benefit specialists, and special projects personnel who
will provide you the best, most complete service possible. Annual
services include valuing assets, liabilities and accumulated plan
benefits; determining pension expense and funded status for financial
reporting; recommending funding level alternatives; testing for plan
termination sufficiency; and certifying actuarial information in
reports to governmental agencies.
Focus on Individual
Benefits
Our benefit specialists will provide you with individual benefit
option illustrations for retiring or terminating participants and will
certify benefit distribution amounts. They can also provide individual
participant benefit statements, assist you in implementing our on-line
benefit calculation system and prepare the appropriate annual
government reports for your review.
Technical Knowledge
for Ever-changing Regulations
Our consultants and legal staff will provide the technical knowledge
to assure that your defined benefit plan stays current with the
ever-changing rules and regulations of pension law and will assist you
in plan modifications as needed to accomplish your goals. They will
also prepare the mandatory participant notices, for you and your
counsel's review, relating to plan changes.
Special Project
Personnel
In addition, if you are moving from one plan to another, or are
contemplating any changes in your defined benefit plans, our special
projects personnel will study the effects of any proposed plan changes
and determine their financial impact. We will design alternative
benefit provisions, assist in traversing the complex requirements for
plan termination, or ease the difficult transition from any prior
pension plan or service provider.
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