Cash Balance Actuaries, LLC
FIRM INFORMATION 970 Iris Circle, Excelsior, MN 55331
Charles Steingas, (952) 500-8696, charlie@cbactuaries.com
cashbalanceactuaries.comBUSINESS PROFILEYear established:
2009National or local TPA:
NationalAre you a producing TPA or a 'non-producing TPA'?
Non-producingDC recordkeeping platform:
No (use partner providers' platforms)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
1Other managers/administrators:
0Actuaries:
8Sales staff:
0Support staff:
1RETIREMENT PLAN PROFILERetirement plan assets under administration:
350,000,000Total number of retirement plans under administration:
380Total number of retirement plan participants under administration:
4,000NUMBER OF PLANS BY TYPE401(k):
53403(b):
0457:
0Nonqualified Deferred Compensation:
0Other DC:
8Defined Benefit/Cash Balance/Hybrid:
319FEE STRUCTURESFixed fee:
Fixed fee dependent on services chosenPer participant fee:
YesBasis points on assets:
Other:
Fees offset by revenue sharing agreements?
Not applicable (no investments sold) State(s) where offices are located:
PLAN ASSET SIZES SERVED<$1 million:
Yes$1 million - $5 million:
Yes>$5 million - $10 million:
Yes>$10 million - $25 million:
Yes>$25 million - $50 million:
Yes>$50 million - $100 million:
Yes>$100 million - $200 million:
No>$200 million - $500 million:
No>$500 million - $1 billion:
No>$1 billion:
NoRECORDKEEPING RELATIONSHIPSNumber of recordkeepers with DC selling agreements:
0Number of recordkeepers with DC assets:
8Number of recordkeepers where new plans placed:
0FIDUCIARY SERVICESPlan level 3(16) services:
NoPlan level 3(38) services:
NoParticipant level fiduciary services:
NoPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
YesPlan benchmarking:
NoTarget-date evaluation tools:
NoInvestment committee meetings:
NoDesign/amend DC plan documents:
YesDesign/amend DB plan documents:
YesRecordkeeper transitions:
NoPrepare benefit statements:
YesProcess plan distributions:
YesPrepare loan paperwork:
YesNon-discrimination testing:
YesAllocation of contributions/forfeitures:
YesCalculate participant vesting %:
YesActuarial calculations & support:
YesForm 5500 preparation:
YesForm 5500 signing:
NoPlan audit support:
NoQDRO review:
YesSmall rollover IRA processing:
NoProvide fiduciary education:
NoAnnual 408(b)(2) assessment of fees:
NoInvestment selection services:
NoInvestment monitoring:
NoPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
NoRe-Enrollment meetings (after hire):
NoOne-on-one meetings with participants:
NoRollover assistance (into plan):
NoDistribution assistance (upon separation):
NoRetirement income planning:
NoFinancial/debt counseling:
NoEstate/tax planning:
NoAuthorize participant requests:
NoPrepare/deliver required participant notices:
No
