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Inventory of Construction Industry Plans: Fifth Edition

4/13/2018

 
The Mechanical Contractors Association of America, Inc. (MCAA) and Horizon Actuarial Services, LLC have partnered to build an inventory of historical data for multiemployer pension plans in the construction industry.

The purpose of this inventory is to summarize and analyze key trends in plan demographics, cash flows, investments, funding, and costs over a ten-year period, from 2006 through 2015. By analyzing these trends, we can better understand how these construction industry plans have evolved over the past decade and where they may be headed in the future.  This report also examines plan investment fees and operating expenses for construction industry plans. If you are a plan trustee, you may find this section of the report useful as a comparison tool.

As an appendix, the report  provides detailed results by trade within the construction industry, as well as a separate section containing exhibits specific to plans co-sponsored by MCAA employers and the Plumbers and Pipefitters.  This report also provides a listing of all of the construction industry plans included in the inventory. If you are an employer participating in one or more of these plans, the information in this listing will help you comply with the new multiemployer plan disclosures required by the Financial Accounting Standards Board (FASB).

The report can be viewed below or on MCAA's website.
inventory of construction industry pension plans:  fifth edition

Horizon Actuarial Services Combines with Crews MacQuarrie & Associates

4/5/2018

 
Combination will build stronger presence throughout the United States
 
Horizon Actuarial Services, LLC (Horizon Actuarial) today announced it is combining with Crews MacQuarrie & Associates, Inc. (CMA). Both firms provide actuarial and consulting services to multiemployer plans.
 
The transaction is scheduled to close on July 1, 2018, at which time the shareholders and other professionals of CMA will officially become part of Horizon Actuarial. The combined firm will be called Horizon Actuarial Services, LLC. 

Horizon Actuarial will now have outstanding depth of actuarial and consulting resources for both pension and health and welfare plans on both the east and west coasts, serving clients throughout the U.S.
 
“Both firms have a stellar reputation for providing outstanding service,” said Stan Goldfarb, Managing Consultant, Actuary, and co-founder of Horizon Actuarial. “This combination is a very good match. It will help strengthen the services we deliver to our clients and give both firms expanded reach in new geographic areas.”
 
The combination adds three offices and represents approximately a 20% increase in associates for Horizon Actuarial. Both firms have strong reputations in the multiemployer community of high quality work and exceptionally talented teams of associates.
 
The principals of CMA approached Horizon Actuarial three years ago about the potential for a combination. “We believed then, as we do now, that this combination is in the best interest of our valued employees and the clients we serve,” said Gerry Crews, Principal of CMA. “We never considered any firm other than Horizon Actuarial because of its reputation and our solid belief that both firms possess an uncompromising commitment to our associates and our clients.”
 
About Horizon Actuarial Services
Horizon Actuarial Services, LLC is a leading consulting firm that specializes in providing innovative solutions to multiemployer benefit plans. The firm proudly serves pension and health and welfare plans in various industries, including construction, trucking, professional sports, hospitality, entertainment, retail food, and communication.
 
Horizon Actuarial was created in October of 2007, when Watson Wyatt Worldwide, a leading multinational consulting firm, announced that it was exiting the multiemployer and Taft-Hartley plan consulting business. Watson Wyatt spun off its multiemployer business to a new company – Horizon Actuarial Services, LLC. Three Watson Wyatt pension actuaries, Stan Goldfarb, Larry Weitzner, and Cary Franklin, were the founding owners of the new firm. The firm’s three principal offices are in Atlanta, Los Angeles, and Washington, D.C.
 
About Crews MacQuarrie & Associates
Crews MacQuarrie & Associates, Inc. provides consulting and actuarial services to multiemployer benefit plans in the retail food, wholesale food, commercial real estate, hotel, gaming, technology, and soft drink industries.
 
Headquartered in Irvine, California, Crews MacQuarrie & Associates (CMA) was formed in 2002 by consultant Gerald Crews and consulting actuary Wade MacQuarrie.
 
Contact: Mark Lewis, COO/CFO | Horizon Actuarial | 678.317.4126 | mark.lewis@horizonactuarial.com

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​In Memory of Brian Dailey
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