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For more than two decades, Principal Vickie Williams has helped employers turn their pension plans into strategic business advantages. Vickie believes that the consultant's role begins with careful listening and asking the right questions. From there, she develops custom solutions that align with her clients' goals and values.
Following are examples of real client issues and Williams Actuarial Group's solutions.
Compliance
Problem: New laws and regulations frequently prompt changes
in plan design and administration, which, if handled reactively, can increase
plan costs and increase administration complexity.
Our solution: Williams Actuarial Group uses a proactive
approach to help employers anticipate changes and keep their plans in compliance
without unnecessarily driving up cost or complexity.
Problem: Client was not getting enough attention from
its actuarial firm and fell out of compliance with government requirements.
Our solution: Williams Actuarial Group uses a compliance
checklist as part of annual valuation to ensure plans meet government requirements.
Timely valuations
Problem: A mid-size employer using a large actuarial firm
was not receiving timely valuations and SFAS 87 reports.
Our solution: Williams Actuarial Group develops a comprehensive
schedule outlining required events and tasks, who is responsible and the
deadline for each.
Contributions vs. expense
Problem: Client did not understand the difference between
contributions and expenses.
Our solution: Williams Actuarial Group educates financial
staff on the difference between contributions and expenses and explains how
each is calculated. We also anticipate changes in contributions and expenses
and use a forecasting system to measure possible outcomes.
Managing assets and liabilities
Problem: Client was not managing the relationship between
assets and liabilities.
Our solution: Williams Actuarial Group closely monitors
the relationship between assets and liabilities, estimates probable future
relationships, and coaches plan sponsors on how to manage the relationship
to avoid future problems.
Merged plans
Problem: Client's plan was the result of several
merged plans, and benefit calculations for the prior plans were expensive
and time consuming.
Our solution: Williams Actuarial Group's system captures
and organizes data so the calculation process is efficient. Initial set-up
fees significantly reduce future calculation fees.