an employer decides to be in a self-funded arrangement, actuarial certification
of plan liabilities for financial statement purposes is mandated, as are
COBRA and funding-level projections.
Our on-staff Senior
Actuary provides clients with both cash and accrual actuarial funding
reports, certified COBRA rates, signature ready 5500 forms and Summary
Annual Reports for distribution. Our Actuary also works with our Health
and Welfare Specialists in plan design and contribution modeling, conducting
FASB reporting for retiree healthcare plans as well as preparing trust
filings when needed.
ERISA welfare plans exist, plan sponsors are faced with a litany of regulations
and rulings with which all plans must comply. And compliance is the employer’s
responsibility, not the vendor’s.
compliance team, led by our ERISA attorney, provides regular and ongoing
updates and guidance on plan documentation, new regulations or required
implementation support in addition to IRS/DOL/ERISA, COBRA and HIPAA