In the case of DB pension plans, an external consultant is vital.
Every pension committee and plan sponsor needs an independent
voice with deep expertise in DB plans due to the complexity and
the liability issus. A pension consultant is there to help keep
things on the right track.
As industry leaders, Penad's pension experts provide highly specialized pension plan consulting support in three primary areas:
Development of short and long term pension/retirement strategies on behalf of clients
Review existing or proposed plans to insure that the program will meet
its desired goals and objectives.
Advice on funding requirements, legislative interpretations/compliance and the impact of emerging reforms
Plan Document Composition
Penad develops and prepares plan rules for
new pension plans, or in the case of existing plans, the
preparation of plan amendments or full plan rewrites.
Plan Member Communications
The complexity of today's pension plans demand
that members receive clear communication and the proper level of
support in understanding their plan provisions. Penad remains at
the forefront of providing a full range of communication materials
and support to assist plan members and their beneficiaries in
understanding the provisions contained within their program.
Employee communications include:
Customized employee information
booklets for pension plans and Life and Health benefit
plans
Client specific Audio-Visual
Presentations/Video Conferencing
Educational and promotional campaigns On
Site/Global Video Conferencing
Information sessions and employee
benefit workshops
