Defined benefit plans have been the backbone of retirement plans for many generations.  However, with recent asset performance, along with the uncertain legislative environment, these plans have evolved into becoming the minority benefit for many participants.  Time has shown that these plans need to be managed very carefully, and ABG has created a number of tools in order to meet those goals.

ABG provides high-end defined benefit services regarding:

• Pension plan design
• Actuarial valuation services
• Actuarial calculations for Health and Welfare Plans
• Projection of plan costs
• Integrated defined benefit and defined contribution statements
• Document preparation

All actuarial valuations are delivered to the client on a personalized basis by an actuary who can translate the results into common language. Our consultants are fully accredited through a number of actuarial organizations.

ABG also provides a suite of products which assists plan sponsors in the management of the pension plan. These products are:

• Pension Financial Manager - An actuarial projection cost modeler which provides "on the fly" results under an unlimited amount of scenarios. This tool allows plan sponsors to understand the sensitivity of actuarial costs to a variety of factors.
• Pension Design Manager - A product which models different pension plan designs integrated with defined contribution plan design, and their impact on retirement income for individual participants.  This tool allows plan sponsors to see the impact on changing formulas for different population segments.
• Personalized Savings Manager - An individual tool which assists participants in determining how much to save for retirement when they have both a defined benefit and defined contribution plan.

ABG also provides pension plan design services for professional service firms which are attempting to maximize retirement income, while minimizing cost.  Complete design services are accomplished utilizing constraints dictated by the plan sponsor. From these constraints, we are able to design an optimal retirement plan for the owners.