Beyer-Barber Company - Employee Benefit and Actuarial Consultants

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Taft-Hartley multiemployer plans

Taft-Hartley multiemployer plans

We take pride that one of our oldest and largest accounts is a teamster and employer sponsored multiemployer plan, our client since 1955. This long relationship has been an important benefit to our firm, allowing us to build on our experience with this account and develop other multiemployer business. Today, Beyer-Barber Company serves as actuarial consultant to a number of multiemployer defined benefit, defined contribution and health & welfare plans.

Our experience includes all aspects of issues inherent to Taft-Hartley plans including:

PENSION PLAN SERVICES:

  • Annual Valuation Reports
  • Forecast Projections to certify to Endangered, Critical Status or Critical and Declining Status as required by the Pension Protection Act (PPA) and the Multiemployer Pension Reform Act (MPRA)
  • Interactive forecast projections to assist in the plan contribution and benefit re-design under Funding Improvement and Rehabilitation Plans as required by the Pension Protection Act
  • MPPAA Reports, withdrawal liability determinations and assessments
  • Mass Withdrawal Liability
  • Annual Funding Notices
  • PPA Funding Status Notices
  • Union and Employer Notices
  • Special required disclosures in Form 5500 for multiemployer plans
  • Amortization extensions
  • Attendance at Pension Board Meetings
  • Benefit improvement studies
  • Drafting and review of plan document language
  • Expert testimony in arbitration hearings
HEALTH WELFARE PLAN SERVICES:
  • Active and Retired contribution rate development
  • Liability reserve disclosures: IBNR, Extended Eligibility, Hours Bank and FASB ASC 965 Postretirement Valuations
  • New employer analyses
  • Request for Proposal for vendors
  • Special benefit cost analysis
  • COBRA
  • Medicare Part D
  • Medicare Part D Attestations

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