Our Services

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At Horizon Actuarial, we understand the unique dynamics of collectively bargained plans, and we are sensitive to the interests of all parties. Our consultants have the ability to communicate difficult technical and actuarial concepts to a diverse audience, helping you understand the long-term implications of the decisions you make today. We have resources at all levels of experience, we adhere to strict quality standards, and we utilize continuous peer review and collaboration to provide you with superior service.

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The following is a list of some of the areas in which we provide actuarial and consulting services. Selected services are described in more detail below.

• Actuarial valuations
• PPA compliance
• Actuarial projections - both deterministic and stochastic
• Withdrawal liability
• Retirement plan design and implementation
• Health plan design, rate setting, and vendor marketing
• Second opinion actuarial review

Actuarial Valuations

We perform basic actuarial valuations for defined benefit pension plans, including preparing the Schedule MB (or SB) for the Form 5500. We also perform actuarial valuations and prepare SOP reports for retiree medical plans. While we specialize in multiemployer plans, we also have experience with single-employer plans.

PPA Compliance

We work with your legal counsel and auditors to help your plan comply with the various requirements of the Pension Protection Act of 2006 (PPA). In addition to the annual actuarial certification, we have experience developing funding improvement plans and rehabilitation plans for multiemployer plans in endangered or critical status. If needed, we also assist your plan administrators in preparing the new disclosures and notices required under PPA.

Deterministic projections

We advise our clients of the importance of not just looking at “snap shot” results from the annual valuation, but also projected valuation results over the long term. By examining projection results, we can help you better understand the key issues affecting the future of your plan.  Our proprietary projection model is dynamic; we can tailor it to analyze the factors and results most important to your plan. 

The following is sample output from our projection model for multiemployer plans. This model has been valuable in helping our clients plan for the future while meeting the requirements of PPA.

Stochastic Projections

We also have the ability to provide a range of possible funding results over the long term based on stochastic simulations. For example, we can work with your investment consultant to analyze your plan’s long-term performance under a given asset allocation.  This analysis is useful in helping you select the optimal asset allocation for your plan, given its current funded status and emerging trends over the long term.

The following is sample output from our proprietary projection model showing a range of results based on stochastic simulations.