Home > Areas of Expertise > Frozen Pension Plan Administration
Many corporations over the years have frozen their defined benefit pension plans either through a hard or soft freeze. Since these plans are no longer the primary retirement vehicle for the employees, the administrative service required for the plan is ministerial rather than strategic in nature.
The human resources department of an organization does not need to be involved in the details of a plan which will be terminated in the future. In many ways, it makes sense to have human resources focus on strategic matters, rather than a retirement plan that is being phased out.
Nyhart can provide customized service to any size organization for its frozen pension plan.
For any pension plan, but especially for frozen plans, Nyhart provides the following cost effective solutions:
It does not make economic sense to have the human resources department provide these benefit services to a limited group of participants. Nyhart can provide high end, professional, cost effective services directly to your participants.
Our clients regularly recognize us for the level of service we provide and the attention to detail, independent voice and reliability of our calculation and administration services. We are extremely client-driven.
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 provide the long-term partnership to design, manage and/or administer a defined benefit plan for your company or government agency? Please call us at (317) 845-3500 or email us at connect@nyhart.com today and we will be in touch quickly. We want to earn your business!