Process begins by collecting plan documents and demographic data, then we finalize accrued benefit calculations, and estimated the benefit obligations on a plan termination basis. |
Assess initial feasibility of termination |
A face to face meeting to review the initial feasibility analysis and determine whether next steps are to implement plan termination or a target end-date strategy. |
Meeting to discuss feasibility and next steps |
Determine the action items, responsible party, and due dates related to the plan termination and settlement of benefit obligations to participants. Immediately commence those action items that are desired. |
Implement plan termination |
termination services |
Preparation of annual IRS returns reports, PBGC premium filings, benefit distribution packages for retiring participants, etc.. For plans not immediately terminating, provide annual actuarial valuation report and certifications necessary. |
Provide ongoing actuarial services |
Midwest Consulting Actuaries, Inc. 2052 45th Street, Suite I Highland, IN 46322
Indiana Phone: 219.227.6059 Illinois Phone 630.868.8597 E-mail: drumas@mcactuaries.com |
Our professional fess for termination services dwarf those of most firms, primarily because we are extremely efficient, experienced, lack overhead, and have a strong desire to assist you in satisfying your benefit promises to participants at lowest possible cost. |