Benefit Funding and Accounting

Our benefit funding and accounting services consist of matching your current and anticipated business environment with required plan contributions and maximum tax-deductible limits. These services consist of:

• Determining appropriate economic assumptions (i.e. salary increases, investment return and discount rates) consistent with benefit provisions, compensation policy and investment policy,

• Selecting demographic assumptions (i.e., mortality, termination, retirement, etc.) based on actual  and anticipated experience,

• Matching future contributions with future revenues based on various economic scenarios,

• Projecting benefit cost and obligation for income statement and other comprehensive income purposes, and

• Determining minimum required and maximum tax-deductible contributions.

The above services will assist you in planning for:

• Changes in your current business environment,

• Developing future strategies on cashflow management,

• Adjusting to impact on the income statement and other comprehensive income, and

• Planning year-end financial statements.