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Employee Benefits  »  Defined Benefits

Defined Benefits

Employees count on you for retirement benefits. You can
count on us.

Hundreds of employers, both private and public, rely on the actuarial consultants at SilverStone Group to keep their pension plans on solid ground. Our professionals offer independent, objective advice based on your unique situation. Your employees shouldn’t have to worry about their pension plan. Neither will you, with the help of our knowledgeable team of pension experts.

From funding and accounting strategies and forecasts, to plan design, administration outsourcing and communications, our experts provide you the timely information you need to deliver the benefits as promised to your employees. Your pension plan provides the security your employees need in retirement, while also providing a valuable tool to recruit, retain and reward your employees. They can even model their own retirement planning on our website’s plan-specific calculator.

SilverStone Group provides independent consulting and retirement plan administration for qualified retirement plans including Defined Contribution, 401(k) and Defined Benefit Pension Plans.

Attracting and retaining top-quality employees demands a competitive retirement benefit plan. SilverStone Group helps clients create customized retirement plans that match their corporate philosophy and objectives. We help our clients establish and maintain comprehensive benefits by providing complete actuarial, administration, record keeping and communication services.

We are committed to providing the best service and advice needed to meet each client’s needs. We partner with plan sponsors and trustees to develop and maintain retirement programs that fit each company’s culture and corporate objectives.

Actuarial Services
SilverStone Group is one of the Midwest’s most respected advisers on retirement plans. We provide actuarial and consulting services for both defined benefit (DB) and defined contribution (DC) plans. Our actuaries and consultants work with clients to provide relevant advice on their retirement plans, company cash flow and accounting cost strategies and retiree benefits adequacy and security.

Administration
One of the most vital aspects of retirement plan administration is compliance. Outsourcing the administration of plans allows clients the time to focus on what they do best — running their business. We coordinate administrative and record keeping details for our clients.

Recordkeeping
SilverStone Group performs ongoing record keeping and performs required testing to ensure plan compliance. Our background and long-term experience give clients the peace of mind that comes from knowing their retirement plan is being administered efficiently and effectively.

Post-Retirement Medical and Life Plans
SilverStone Group provides actuarial, consulting and administrative services for clients who offer their retired employees medical and life insurance benefits. We complete FAS 106 financial disclosure reporting, plan design analysis and administration, including the outsourcing of complete participant communications.

Communication Services
SilverStone Group provides comprehensive communication programs to help employees get the most value from their plan. To do this, we conduct interactive meetings where employees learn how their plan works, how to determine specific retirement goals and how to plan for the future. There are also a number of planning tools available in the Resource Center.

Terminal Funding and Annuity Placement
Eventually, Defined Benefit Plans may need to be partially or fully closed-out. Reasons include mergers & acquisitions, business closings, a desire for risk mitigation or a shift in benefit philosophy to defined contribution plans. SilverStone Group provides consulting to determine the appropriate time to annuitize a plan and the impact this will have on company financial statements. We find the best available annuity in the marketplace to fit the needs of the plan and ensure that participants receive the retirement benefits promised to them.

Plans

  • Defined Benefit Pension
  • Cash Balance
  • Pension Equity
  • 401(k) & 403(b)
  • Profit Sharing
  • Cross-Tested Defined Contribution
  • Post-Retirement Medical
  • Post-Retirement Life

Services

  • Plan Design & Consulting
  • Alternative Plan Analysis
  • Prototype Plan Documents
  • Complete Actuarial Services
  • Administration & Participant Record keeping
  • Benefits Administration Outsourcing
  • Funding & Accounting Strategies
  • Employee Communications
  • Comprehensive Benefit Statements
  • Compliance & Governmental Reporting
  • Legislative & Latest Trends Updates
  • Annuity Placement

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Our Defined Benefits Team:

Glen Gahan

Principal

Growing up in a family of nine children, Glen learned early about the importance of sharing and acting responsibly. As a retirement plan consultant, Glen draws on his…

Meet Our Defined Benefits Team...