Retirement

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Actuarial Services

HR Services’ experienced and highly trained actuaries use tools and technology that address our clients’ needs and objectives in innovative ways.

Our actuaries perform these functions:

  • Determine clients’ annual retirement plan expenses
  • Calculate retirement plan contributions
  • Ascertain a plan’s funded status
  • Prepare accounting disclosures for retirement plans.

In addition to preparing annual budgets and short-term forecasts, our actuaries are trained to provide these services:

  • Forecast a plan's assets and liabilities
  • Determine benefit payments for retirees
  • Assemble valuation results over the long term (including analysis of implications of alternative asset allocations)
  • Prepare government filings and other compliance documentation.

 

Asset Consulting

Many of our clients depend on the asset consulting services provided by 20 of the HR Services offices worldwide. We can:

  • Implement asset allocation policies that incorporate both client and employee investment expectations
  • Select investment managers and set investment manager structures that meet the requirements and demands of clients’ investment specifications
  • Measure investment manager performance for effectiveness after a deal has been secured and plans have been enacted.
     

 

Additional Consulting Services

We also provide a full range of consulting services from 80 global offices. All of our consultants are connected with our state-of-the-art technology, ensuring that information is shared among offices and that clients anywhere in the world can benefit from our intellectual capital.

Some examples of that intellectual capital are our ability to:

  • Consult on executive benefit design and financing
  • Deliver retirement financial planning seminars
  • Communicate retirement programs in the context of overall benefit, reward and human resource messages.

 

Compliance and Related Support Services

HR Services’ dedicated national Compliance Practice will ensure that your Retirement plans are always in full compliance. Our Compliance experts represent a variety of disciplines including attorneys, actuaries and CPAs. Many of the members of our National Compliance team have more than a decade of specialized compliance consulting experience.

Our Compliance experts provide these and many other services:

  • Plan document and amendment drafting for review by legal counsel
  • Technical reviews of SPDs for consistency and completeness
  • Plan qualification filings
  • Operational compliance audits
  • Nondiscrimination compliance
  • Participant notices
  • Voluntary Compliance Resolution strategy and assistance
  • Fiduciary training and education
  • Plan governance review and strategy
  • Ad hoc support services for ongoing plan administration:
    • Benefit estimates and calculations
    • Data organization or reorganization
    • Interim processing and administration
    • Open window calculations
    • On-site project work

 

Economic Scenario Generator

Global CAP:Link — is Tillinghast — HR Services’ global economic scenario generator. Global CAP:Link is used for Asset Liability Management (ALM) for Pension Funds and life insurance companies and for Dynamic Financial Analysis (DFA) for property casualty insurance companies. Global CAP:Link is used worldwide by several hundred institutional investors to manage interest rate, asset and foreign exchange rate risk.