Actuarial Consulting and Valuation

 
BSG offers a full range of actuarial consulting and valuation services with respect to employee benefit programs, such as welfare benefit plans and deferred compensation arrangements. Among the services we provide are:

  • Minimum Funding Standard Account. Preparation of the actuarial valuation report including a determination of the minimum funding requirements for such year.
  • Determination of Maximum Deduction. Preparation of the actuarial valuation report including a determination of the amount of deductions available for federal income tax purposes under Sections 419 and 419A of the Internal Revenue Code.
  • Determination of Accrued Benefit and Vesting. A determination of the accrued benefit and its present value each of the participants and the vested percentage to which such participant is entitled.
  • Minimum and Maximum Benefit for Each Participant. A determination of the maximum benefits available to participants under Section 415 of the Internal Revenue Code.
  • Nondiscrimination Testing.  Testing benefits and/or contributions to make sure that the plan does not impermissibly discriminate in favor of highly-compensated employees.
  • FAS 87 and 88 Calculations. For plans and/or sponsors subject to certified audit, a determination of the actuarial valuation of plan obligations, and the net periodic pension expense for the year under FAS 87. In the event of a curtailment, window benefit, or partial termination, a determination of the change in obligation and the recognizable expense attributable to such event.