Defined Benefit Pension Consulting & Administration

GBL provides comprehensive Defined Benefit (DB) pension consulting and administration services designed to meet the sophisticated needs of today’s plan sponsors. Our experienced team of actuaries, administrators, and pension specialists, with an average tenure of 10+ years with GBL, collaborate closely with your organization to deliver tailored, proactive, and compliant retirement solutions.

We empower plan sponsors by effectively managing risks, ensuring regulatory compliance, and enhancing the long-term sustainability and value of pension plans.

Actuarial Consulting and Strategic Plan Design

Our seasoned actuarial team, many of whom have worked with larger incumbents before GBL, delivers insightful, objective analysis, ensuring precise management of your DB plan’s funding and solvency requirements. We offer strategic consulting across:

• Funding and solvency actuarial valuations
• Accounting valuations for DB pension plans and post-retirement benefit programs (OPRB/OPEB)
• Comprehensive risk management and liability assessments
• Strategic plan design tailored to your organization’s unique workforce dynamics
• Integration with Defined Contribution (DC) plans, Supplemental Executive Retirement Plans (SERPs), Retirement Compensation Arrangements (RCAs), and Individual Pension Plans (IPPs)

GBL’s experienced actuaries follow the same professional standards as our peers from larger firms.

• Society of Actuaries
• Canadian Institute of Actuaries

Customized Administration and Operational Excellence

GBL’s administration services provide meticulous attention to detail and unparalleled efficiency, enabling seamless pension plan management.  Unlike with our larger peers, you’ll likely speak with the same analyst from one year to the next, allowing for a smoother client experience.  We specialize in:

• Complete pension plan administration, including management of membership data, annual statements, and benefits calculations
• Retirement, termination, death benefit processing, and family law/marriage breakdown-related administration
• Pension payment processing, tax reporting, and compliance
• Transparent, streamlined recordkeeping and audit support
• Exceptional customer service ensuring a personalized experience for each plan member

Strategic Guidance, Plan Governance, and Regulatory Compliance

Navigating the complex regulatory environment demands expertise and foresight. At GBL, we proactively:

• Monitor and adapt to legislative and regulatory changes
• Provide strategic consulting on Defined Benefit plan governance, fiduciary responsibilities, and compliance
• Offer clear, actionable advice to trustees, pension committees, and corporate leaders
• Facilitate effective communication strategies, ensuring plan members fully understand their benefits and options

Exceptional Service at a Fair Price

Because of our expertise and focus on all things pensions and lower overhead costs than those of our largest competitors, GBL can likely service your plan at a significantly lower cost than that of the larger firms.

Access to GBL’s Extended Corporate Services Network

Sometimes, you need pension advice from an expert that isn’t an actuary.  GBL has you covered.  Our Corporate Services network includes experts in the following fields:

• Legal
• Human Resources
• Asset Management
• Business Development
• Operations

Commitment to Client Success

GBL distinguishes itself through personalized, client-focused solutions and a collaborative approach that aligns our objectives with yours. We prioritize transparency, operational excellence, and strategic insight, enabling our clients to anticipate challenges and confidently manage their pension obligations.

Defined Contribution? No Problem.

In addition to Defined Benefit (DB) plans, GBL has expertise in Defined Contribution (DC) plan design, consulting, and administration.

The best time for a conversation was yesterday. The next best time is now.

Are you ready to elevate your experience with your Defined Benefit plan with Big Firm Expertise, Boutique Service, Strategic Guidance, and Competitive Pricing?  Partner with GBL to ensure your Defined Benefit pension plan is expertly managed, compliant, and strategically aligned to support your organization’s long-term success.

Contact us now for an exploratory call.