Pension Administration
How A.C.G. Consultants Work
- .... We listen.
- .... We ask questions.
- .... We take notes.
- .... We encourage the client to ask questions.
- .... We provide feedback.
We do not mean to impress anyone with a lot of technical acrobatics or fancy language. We strive for a clear understanding of exactly what needs to be done by expressing ourselves in lay terms.
When we've gathered enough information, we propose a course of action. Frequently a package of services will meet your objectives. We will, however, take whatever steps are necessary to make sure your particular requirements are met, through flexibility and tailoring, as the facts and circumstances warrant.
In short, we like to get close to our clients and instill a feeling of satisfaction and comfort with the design, operation and maintenance of their plans.
Plan Anniversary Services
A.C.G.'s annual service work relieves the client of worry over the operation, disclosure and maintenance of his plan. Anniversary services include:
- .... Actuarial valuation and certification.
- .... Account recordkeeping.
- .... Determination of maximum contribution.
- .... Allocation of contribution among participants.
- .... Calculation and application of forfeitures.
- .... Presentation of a comprehensive report to management.
- .... Production of individual participant statements.
- .... Preparation of required government reporting forms.
- .... Calculation and presentation of compliance testing.
- .... Annual Report for Employer to review his situation and clarify questions, developments or concerns.
We believe this last step is particularly important in the ongoing service process.
Our Role As Pension Actuary
A.C.G. is one of the few retirement plan design and administration firms in Connecticut with full-time actuaries who are licensed by the federal government. These Enrolled Actuaries prepare reports for the IRS each year to certify that retirement plan contributions meet minimum funding standards.
Trained in actuarial science, the actuary uses certain mathematical tools, as well as assumptions and probabilities to predict the long-range costs of a retirement plan.
Only an Enrolled Actuary can certify that:
- .....the proper amount of money is going into the retirement plan, and
- .....the assumptions used to calculate the amount that should go into the
- plan are both reasonable and appropriate.
Whether a client needs a valuation report, certification, determination of the actuarial present values of an employee's accrued retirement benefit, forecast of future liabilities, employee benefit projections, conversion of a lump-sum to an annuity payout, etc. ... A.C.G.'s actuaries can perform the calculations required.
Getting Paid For Our Work
- .... By The Assignment:
- For particular anniversary or other services as agreed upon in an a plan services agreement,...
- .... By The Hour:
- Billing rates, that vary by staff person, will be applied as requested work is done. Full accounting for hours worked and jobs done will be rendered.
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We will give written estimates on consulting projects for which we are being considered. |
Get to know us beneath the surface. Please call or e-mail us for a consultation.
Telephone: (860) 379-2566.
E-mail: jef@acgassociates.com