Provide data required by actuary to perform actuarial valuation promptly following close of plan year. Such data will include:
Listing of current active employees, noting new hires and terminations occurring in the plan year.
Demographics: Social Security numbers, dates of birth and dates of hire.
Annual salaries and contributions for the year by employee.
Records of contributions refunded to terminated non-vested employees.
Status of terminated vested employees who did not withdraw contributions.
Record of Early, Normal or Disabled retirees in payment status at end of plan year, with data on beneficiaries for those having selected Joint & Survivor or 10 Years Certain options, as well as deaths in plan year.
Current audited financial statement.
Provide actuarial valuation to Division of Retirement for Chapter 175 & 185 Funds.
Arrange meeting with Trustees and Actuary to review valuation and any proposed changes in actuarial assumptions.
Distribute annual pension benefit statements to participants.
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Benefits USA, Inc.
3810 Inverrary Boulevard, Suite 303
Lauderhill, FL 33319