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Retirement Plan Consulting and Actuarial Services

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Guiding Your Organization Through Complex Retirement Plan Management

Managing a successful retirement plan as part of your employee benefits program is more challenging than ever. You face constant pressure to attract and retain top talent, control costs, and navigate a maze of compliance and fiduciary regulations, all while aligning your retirement plans with your core business objectives. You need a path forward that addresses plan design, administration, risk, and compliance without straining your internal resources.

At Brown & Brown, you benefit from a dedicated team of actuaries, consultants, economists, and compliance professionals. Each individual brings in-depth knowledge in retirement design, plan administration, regulatory requirements, and financial modeling. Our team holds industry-recognized credentials and is committed to staying at the forefront of retirement plan trends, best practices, and legislative changes. This collective skill set enables us to analyze challenges from multiple angles and deliver tailored solutions that help address the priorities of HR and Total Rewards executives.

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Comprehensive Retirement Consulting Services

We provide comprehensive actuarial, technical, and strategic consulting for Qualified and Non-qualified Defined Benefit and Defined Contribution Retirement Plans, delivered by professionals who are skilled in translating complex regulations and financials into clear, actionable guidance.

Retirement Plan Strategy and Design Consulting

A well-structured plan is the foundation of a competitive benefits package. Our seasoned professionals deliver in-depth analysis on every aspect of your retirement offerings, leveraging years of experience with plan design studies, benefit/cost analysis, and comparative benchmarking.

  • Plan Design Studies: Benefit and cost analysis, industry benchmarking, and adequacy reporting conducted by specialists proficient in financial assessment and modeling.
  • Frozen Pension Plan Management: Guidance from professionals who understand intricate funding, planning, and execution for plan terminations.
  • Vendor Search and Selection: Strategic advisors with a track record in investment manager and advisor evaluation.
  • Forecasting: Economic experts projecting contributions and expenses based on tested assumptions.
  • Non-Qualified Plans: Support from compliance and technical specialists for plan design, 409A requirements, FICA calculations, and SEC proxy processes.

Rely on a team with a background in 401(k) plan consulting, vendor analysis, and fee transparency.

  • Request for Proposal (RFP) development and vendor management by evaluators versed in competitive market reviews.

  • Vendor fee analysis and benchmarking informed by detailed research and a strong grasp of industry best practices.

Benefit from actuarial professionals trained in funding calculations, regulatory standards, and data analysis.

  • Comprehensive participant data validation and financial reconciliation.
  • Funding projection development by experienced analysts.
  • Reports and valuations including FAS #35, #87, #106, #158, and IAS 19 calculations prepared by credentialed actuaries.
  • Claims and retiree medical benchmarking assessed using rigorous quantitative methodologies.
  • Up-to-date guidance on Health Care Reform and Medicare Part D by compliance-focused team members.

Stay ahead of compliance with help from professionals who monitor the latest regulations and bring precision to every aspect of plan governance.

  • Timely preparation and review of government filings, audits, discrimination testing, and fiduciary reviews carried out by compliance specialists.

  • Practical audit assistance and document preparation by professionals experienced in coordinating with internal and external audit resources.

Access risk analysis performed by individuals trained in financial projections, HR structure evaluation, and organizational goal alignment.

  • Quantification of risks and costs through detailed modeling and assessment.

  • Future contribution projections and benefit evaluations led by strategic planners.

Your engagements are managed by data analysts, operational specialists, and participant support professionals who excel at managing strategic initiatives while overseeing data accuracy and streamlining processes.

  • Plan administration reviews and compliance assessments conducted by detail-oriented consultants.

  • Data auditing and correction strategies guided by advanced analytical skills.

  • Participant servicing and claim research led by professionals skilled in communication, research, and problem resolution.

Our specialists in M&A due diligence bring industry knowledge to every review and assessment.

  • Census data review, investment policy evaluation, and plan compliance assessments by experienced consultants.

  • Accounting and funding cost projections with insights from financial modeling specialists.

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Retirement plan management requires insight, foresight, and precision. Brown & Brown’s consultants work alongside HR, finance, and executive leaders to design, evaluate, and sustain retirement programs that meet both regulatory and organizational goals. Our team can review plan structure, model funding outcomes, and identify process improvements to enhance compliance, efficiency, and participant experience.

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