For companies that have already frozen their defined benefit plans, the next step may be to consider terminating the pension plan. Some companies want to get away from the balance sheet and annual cost volatility inherent in a defined benefit plan.
Plan termination is a time-consuming and complicated process for plan sponsors to undertake. Nyhart can help you through this process. We provide a variety of services and expertise to terminate a pension plan:
Nyhart has assisted in over 75 plan terminations. We have the experience and expertise to make the plan termination project a success. We can manage the process from beginning to end allowing you to focus on your business and your active employee benefit plans.
Each client at Nyhart has a dedicated team of actuaries, plan advisers and administrators. We provide you direct access to your team so your questions and issues can be handled confidentially by a team who knows your defined benefit plan and can immediately help you resolve your issues.
Do you have an actuarial question or are interested in learning how Nyhart may be able to help you with terminating your defined benefit pension? Please call us at (317) 845-3500 or email us at firstname.lastname@example.org today and we will be in touch quickly. We want to earn your business!