Defined Benefit Pension Consulting and Administration

We have experience in valuing and consulting on all types of plans, including traditional final average pay, career average and flat dollar plans. Our experienced actuaries complete valuation reports for funding purposes and regulatory filings, prepare expense and disclosures for accounting purposes, and deliver projections of plan costs and liabilities. We can also prepare all related standard government filings and attend annual review and planning meetings.

We'll help you review your overall program strategy to help ensure your retirement plans meet the needs of your organization. Our teams work with organizations of all sizes to design retirement plans to achieve their objectives, and we assist with negotiations for pension plans related to unions with collective bargaining agreements.

Managing risk is critical to your organization's financial health. Our team of actuarial consultants — working together with our investment and financial risk consultants — offers a holistic approach, helping you understand, measure and act on pension risk. Whether you need actuarial consulting, scenario projections, asset-liability modelling, investment advice or risk transfer guidance, we can help.

The volatility and unpredictability of pension plan liabilities are a concern for many organizations. Once a cornerstone of many employer benefit packages, mounting administrative costs and rising life expectancies are making defined benefit plans increasingly challenging to maintain.

Our consultants will help you formulate and execute a strategic plan to minimize the risk associated with pension management. Our team of de-risking experts helps you manage lump sum payouts, annuity purchases (such as lift-outs and buy-ins) and plan terminations.

Our actuarial teams can provide all aspects of defined benefit administration for small to mid-size pension plans. Our administration services cover all aspects of pension plan administration, including annual member statement production, and ongoing benefit calculations for retirements and termination. We can also assist in preparing and filing related government filings for administration purposes including annual information returns.

Plan compliance, risk mitigation and data integrity are critical components of your plan management, and we can provide meaningful support to complement your staff, working onsite or remotely. Support includes assisting with benefit calculation to alleviate pressure on your resources and data optimization to make sure record keeping is up-to date so you can more accurately calculate benefits and plan liabilities.

Individual Pension Plans (IPPs) are a fiscally efficient retirement savings plan for business owners and incorporated professionals. An IPP is a defined benefit pension plan a company sets up for one or more of its employees.

After a person turns 40, an IPP allows a company to tax shelter more contributions than would be permitted through a Registered Retirement Savings Plan (RRSP). Our team has years of experience in assisting business owners and other professionals in setting up and administering IPPs as a viable pension option.