BenAssist provides a full range of pension services. All services performed are based upon an agreed-upon fee. Our pension services include the following:   Outsource / Co-source Consulting - Outsourcing all or a portion of your defined benefit pension plan administration can be both time consuming and costly if the project is awarded to an unqualified vendor. Our credentialed actuaries, who are experts in pension administration software development, can assist you in selecting a qualified vendor for the project and will review the vendor's work during all phases of the endeavor, including data conversion, system specification review, user acceptance testing and post-implementation benefit calculation audits.   Single / Small Employer DB Plans – This type of defined benefit pension plan, sometimes referred to as a “Solo-DB Plan”, is an ideal solution for professionals, sole proprietors and small businesses having fewer than six employees. The ideal candidate for a Solo-DB Plan is a highly compensated business owner, age 50 or older who consistently earns more than $100,000 per year. Tax deductible contributions can exceed $125,000 per year for a self-employed individual, permitting substantially more retirement savings than 401(k), SEP and other defined contribution plans. Please contact us for more information on our turn-key solution including customized plan design, actuarial valuation and annual government filings.   GASB 45 - We provide a complete array of GASB 45 actuarial and consulting services for governmental entities that sponsor Other Post Employment Benefit (OPEB) arrangements. Since the promulgation of GASB 45 in 2004, our credentialed actuaries have assisted governmental entities of all sizes. Our services include OPEB actuarial valuation pursuant to GASB 45, preparation of  required financial statements, plan design, funding analysis and projection of GASB 45 costs and liabilities.   Actuarial Valuations - Our actuarial staff is expert at conducting valuations of qualified and non-qualified defined benefit pension plans and retiree medical plans, including the calculation of minimum and maximum funding requirements, expense and balance sheet entries.   Valuation Data Preparation - Data preparation can be one of the most costly processes of an actuarial valuation. Significant savings in actuarial valuation fees can be achieved by providing your actuary with ready-to-use valuation data. Our actuarial staff can prepare your valuation data for a more affordable price than that charged by actuarial consulting firms, thus considerably reducing your overall costs.   Programming - We specialize in  projects that require both a strong programming background and a thorough understanding of pension benefits. We can help you maintain or modify an existing spreadsheet or software application and design and develop new pension administration software applications for your business.   Web Development - We work with clients to develop company websites and websites that allow employees to access the company's pension benefit programs online.   Benefit Calculations - Our actuarial staff is generally able to assist clients in processing benefit calculations on an hourly or fixed fee basis when necessary.   Database Design - We can help your company convert hard copy data into an electronic format and store it in a database, enabling data manipulation and facilitating the production of vital management information.   Government Filings - Our services include the preparation of Form 5500 filings and appropriate schedules, PBGC Form 1 and Form 1 ES filings.