Actuarial consulting

Focused on delivering successful outcomes for plan sponsors and their participants

Offering a better way of managing a pension plan starting with the basic services that all plan sponsors require to the customized strategic consulting relevant to your unique needs.

Helping you maximize results for your objectives

Working closely with your team, we provide recurring services timely and efficiently to remove all headaches and stress from the ongoing work.  We focus on understanding your long-term goals, immediate needs, and constraints and we only recommend strategies that specifically meet this criteria. We help you understand the pros and cons of each relevant strategy, so you can make informed decisions to achieve your goals and deliver successful outcomes for you and your plan participants.

We offer a full range of actuarial services that include, but are not limited to:

Standard actuarial services

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Standard actuarial services

  • Funding valuation (data preparation and review, reconciliations, liability calculations, AFTAP certification, plan sponsor elections, report, etc.)
  • Financial reporting under US GAAP, IFRS, and CAS for defined benefit plans and other non-qualified pension or other post-employment benefit (OPEB) plans
  • Plan audit (ASC 960 and routine auditor requests)
  • Government reporting (Full Form 5500 including schedules and attachments, Form 8955-SSA, PBGC)
  • Annual Funding Notice
  • Non-discrimination testing
  • Participant benefit statements
  • Special accounting calculations (e.g. curtailment, settlement)
  • Special government reporting due to corporate action or plan status (e.g. reportable event, PBGC 4010, 4062(e) event)

Strategic consulting services

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Strategic consulting services

  • Risk transfer initiatives, including lump sum cash-out windows and annuity purchases
  • Plan design studies
  • Contribution or expense projections
  • Data cleanup projects
  • Plan termination services and filings

Plan administration services

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Plan administration services

  • Collecting and maintaining participant database, through automated payroll feeds
  • Benefit calculations and election forms, including non-routine calculations (e.g. late retirements, QDROs, disability retirements, and death benefits)
  • Death audits and address searches
  • Administration web portal available to plan sponsor to access participant database, run benefit estimates/calculations, create benefit election forms, access documents and statements
  • Administration web portal available to participants to run benefit estimates/calculations, request benefit election forms, access plan documents and individual statements
  • Participant call center to field questions, data changes, and benefit requests
  • Fulfillment of participant communications, outreach for benefit commencements, and tracking for missing addresses
  • Election forms processing
  • Trustee/custodian coordination
  • QDRO determinations
We provide all levels of administration outsourcing for defined benefit plans and customize our service offering to meet our clients' exact needs.  Ask about our back-office support, partially outsourced, and fully outsourced arrangements.

Questions?

To learn more about our service offerings or how we can benefit your pension team contact us below.

Speak to our team

Michael Clark

Managing Director & Consulting Actuary

Michael Clark

Managing Director & Consulting Actuary

Michael Clark is a Managing Director and Consulting Actuary in River and Mercantile's Denver office. In his role he consults on all aspects of financial risk management for defined benefit plans as well as retiree medical plans and defined contribution plans. He also has led numerous clients through pension risk transfers as well as other complex, strategic pension projects. Michael leads River and Mercantile’s business in the West as well as Business Development for the US. Prior to joining River and Mercantile in 2013, Michael worked for Mercer as well as October Three. He currently serves as Immediate Past President for the Conference of Consulting Actuaries as well as providing leadership to several committees. He also participates in the leadership of the Western Pension & Benefits Council – Denver Chapter. Michael is a frequent speaker at industry and professional association conferences on the topics of pension risk management and pension plan administration and has had several articles published in major trade magazines. He is a Fellow of the Society of Actuaries, an Enrolled Actuary, a Fellow of the Conference of Consulting Actuaries, and a Member of the American Academy of Actuaries. Michael graduated magna cum laude from Brigham Young University with a BS in Statistics.

Lauren Meyer

Director & Consulting Actuary

Lauren Meyer

Director & Consulting Actuary

Lauren Meyer is a Director and Consulting Actuary in River and Mercantile’s Denver office. She advises plan sponsors on the financial and operational aspects of retirement plan management. Lauren is responsible for overseeing actuarial and administration services on her clients and consulting on strategic opportunities, such as those related to risk reduction and benefit design. Prior to joining River and Mercantile in 2016, Lauren spent eight years at Willis Towers Watson where she consulted for mid to large size U.S. and international corporations. She has experience with qualified and non-qualified defined benefit plans, defined contribution plans, and post-retirement welfare plans. She has worked extensively on data clean-up and forecasting projects and enjoys helping plan sponsors set and achieve goals surrounding their benefit plans. Lauren is an Enrolled Actuary and a Fellow of the Conference of Consulting Actuaries. She received a B.B.A. degree with distinction in Actuarial Science and Risk Management & Insurance from the University of Wisconsin-Madison.

Kevin Morrison

Managing Director & Consulting Actuary

Kevin Morrison

Managing Director & Consulting Actuary

Kevin Morrison is a Managing Director in River and Mercantile’s Boston office and leads the US Actuarial Business. As a consulting actuary, Kevin supports clients in all aspects of their retirement programs, including defined benefit, defined contribution, and other post-employment benefit (OPEB) plans. In addition to delivering the recurring annual valuation results and helping clients meet financial reporting requirements under US GAAP, IFRS, and GASB accounting standards, he provides clients with consultative support and cost analysis around plan design, forecasting, de-risking strategies, and plan terminations. Prior to joining River and Mercantile in 2016, Kevin was a consulting actuary with John Hancock Retirement Plan Services and was part of the acquisition of New York Life Retirement Plan Services. Kevin started his actuarial career with Mercer in 2004. Kevin is an Associate of the Society of Actuaries, an Enrolled Actuary under the Joint Board for the Enrollment of Actuaries, and a Member of the American Academy of Actuaries. He received a B.A. in Math and Physics from the College of the Holy Cross.

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