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Defined Benefit Plans

Although defined benefit plans have decreased in number over the last four decades, they have been making a comeback in recent years. Defined benefit pension plans, and the newer cash balance plans and DB(k)s, require complex administration. Randall & Hurley has several consultants with extensive defined benefit consulting and administration experience, and our team includes several actuaries in-house. This expertise allows us to provide unparalleled TPA services for your defined benefit plan.

Let us help you create a customized service package to manage your defined benefit program properly. Some of the most common services we provide for defined benefit plans include:

• Recordkeeping for active, retired and terminated participants
• Maintenance of historical data
• All required compliance testing
• Signature-ready IRS and PBGC government forms
• Calculation of PS 58 costs
• FASB 87/88/35 disclosures and opinion letters
• Actuarial certification
• Actuarial determination of costs and benefits
• Telephone and internet account access (view a demo)
• Customized participant statements
• Employee education

If you don't see what you are looking for, or have questions about which services are right for you, please contact us. We'd be happy to help and provide a fee quote for our services.

Learn more about what makes our company unique.