Pension Applications (Pen-Apps) Forms New Consulting Firm

Atlanta-based Pension Applications (Pen-Apps) says it provides a wide range of services to sponsors of defined benefit plans, including annual actuarial valuation and government filing services, as well as consulting for ongoing defined benefit plans.

The firm’s staff has completed ALM studies for pension plans in asset size ranging from $2 million to $300 million in assets, according to a press release, and the firm notes that its staff has  developed processes to provide both complex ALM studies and cost efficient ALM studies for smaller size plans.

Plan design is currently an area of focus for sponsors of pension plans, and Pen-Apps has experience in providing cost projections and benefit delivery analysis for both defined benefit and defined contributions plans under current and alternative plan provisions, according to the announcement.  For plan sponsors considering freezing and/or terminating their defined benefit plan, Pen-Apps says it can assist with analyzing the current termination funded status and projecting funded status with varying contributions levels to achieve full termination funding. 

Gregg Johnson, EA, CFA, MAAA and CEO, stated “we are pleased to provide this unique array of important services at a time when pension plan sponsors are in need of understandable options to address their difficult circumstances”. 

Actuarial experience at the firm exceeds 25 years in the pension field, and over a decade in the ALM area. The firm also claims experience in terminating over 200 defined benefit plans, and also provides annual IRS and FAS valuations and well as valuation programming services.

More information about the firm and its offerings is available at http://www.pen-apps.com/.