Services

Our actuaries provide a spectrum of services to help companies and governmental entities manage post-retirement benefits such as retiree medical, dental, life insurance, long-term care or other non-pension benefit plans.

RSM McGladrey Retirement Resources actuaries can help sponsors comply with financial reporting requirements and maximize the tax benefits for all plan types. We help companies avoid surprises and prevent plan cost increases while aligning the plans with overall business objectives.

Our services include:

• Accounting disclosures and expense required under Financial Accounting Standards Board (FASB) statements No. 132 and No. 106
• Claims analysis for self-insured plans
• Forecasting future liabilities and costs of plan
• Designing or redesigning plans so that structure meets management’s goals and objectives
• Review and recommendations for assumptions such as health care trend rates, participation rates and retirement rates

Retiree medical plans and the Medicare Prescription Drug Improvement and Modernization Act of 2003
Under recent legislation, sponsors of a retiree medical plan that includes prescription drug coverage, may qualify for a 28% federal subsidy. Disclosures regarding the effect of the subsidy are also required. RSM McGladrey Retirement Resources can help determine eligibility for the subsidy by performing an “Actuarial Equivalence Test” to Medicare Part D. We can also help determine the impact and accounting treatment of the subsidy under FASB Statements No. 132 and 106 and discuss potential plan redesign options.

Related Links
Pension Protection Act
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Cost of living adjustments for the year 2007
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Articles
Roth 401(k) final regulations
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IRS issues additional Roth 401(k) and 403(b) guidance
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Deferred compensation plans face severe restrictions as a result of the American Jobs Creation Act
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News Release
RSM McGladrey Joins Organization Representing Independent 401(k) Plan Recordkeepers
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