Defined Benefit Plans

Since our founding NWPS has provided actuarial, administration and consulting services for all types of Defined Benefit pension plans.  These include both traditional defined benefits plan and Cash Balance plans.

We maintain deep expertise in defined benefit plan actuarial and administrative services because many of our clients need it. We have the right combination of core technology and people to maintain all required data and provide high-quality participant services for your DB plan. Additionally, we have the deep experience to help us guide our clients in mapping DB strategy over time to achieve their goals.

We assist employers with plan issues, and provide specific recommendations based upon the objectives of each organization.

Complete, comprehensive reporting of the valuation results, including funded status, ranges of permitted contributions, assessment of assets/liabilities, etc.

We calculate and determine the pension expense and plan disclosures to be reported on the plan sponsor’s financial statements.

We will complete the required annual filings and actuarial certifications for the plan. This includes:

• Summary Annual Report
• Annual funding notice
• Form 5500 and required schedules
• Schedule SB actuarial certification
• PBGC annual premium filing

We calculate and certify the amount of benefits due to participants and beneficiaries.

We provide a full range of participant services including benefit statements, calculation estimates, web, mobile and call center access to the plan.

We provide the calculations to measure and forecast emerging changes in the financial status of a retirement plan.

We work closely with clients on de-risking, small balance distribution and other special projects from conception through financial modeling and execution.