Defined benefit
pension plans

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. He has passed Level II of the CFA program. Michael graduated magna cum laude from Brigham Young University with a BS in Statistics.

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, delivering the recurring annual valuation results, helping clients meet financial reporting requirements under US GAAP, IFRS, and GASB accounting standards,  and providing defined benefit administration services. He consults with clients to develop strategies to reduce costs and better manage pension risk, including plan redesign, annuity placements, plan terminations, and other de-risking strategies. 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, a Fellow of the Conference of Consulting 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.

David Rosenblum is a Managing Director and Consulting Actuary in River and Mercantile’s New York City office. In his role he consults on all aspects of retirement plans, including financial management, plan design, exit strategies and multiple employer plan consulting. Prior to joining River and Mercantile, David was at Mercer for 29 years where he led the NY Retirement and Wealth Business and was a member of the US Leadership team. During this time, he gained significant experience consulting to numerous Fortune 500 and Fortune 100 companies with jumbo defined benefit plans. He was an innovation leader at Mercer, developing new and unique pension strategies. David also has been a speaker on workforce and pension cost savings strategies at SOA, World at Work and CIEBA conferences. He is a Fellow of the Society of Actuaries, and an Enrolled Actuary. David graduated from Colgate University with a BA in Economics.