A Defined Benefit Plan promises to pay participants a specified monthly income when they retire.
The Plan Sponsor must make certain that there is enough money in the plan to pay the promised benefits. Annual contribution levels are determined by an actuary, based on actuarial assumptions about future pay increases, investment performance, years until retirement and life expectancy after retirement.
From performing required IRS actuarial valuations to assisting Plan Sponsors with auditing, analysis and funding requirements, NLG has the technology, resources and expertise to provide consulting and actuarial services that fit your needs. We will, among other things, provide:
- Actuarial Valuations
- IRS Form 5500 Schedule B Certification
- PBGC Form 1 Schedule A Certification
And we will provide you and your employees with annual retirement benefit projections.