Defined Benefit Pension Consulting & Administration

GBL provides comprehensive actuarial consulting and administration services for Defined Benefit (DB) pensions 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 proactive and professional retirement solutions customized to meet your organization’s needs; ensuring that your plan adheres to compliance guidelines.

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

Actuarial Consulting and Strategic Plan Design

Our seasoned actuarial team has a wide range of expertise, having worked with large to small national and public sector pension plans.  With this experience, GBL’s team delivers insightful and objective analysis, ensuring precise management of your DB plan’s funding and solvency requirements. We offer strategic consulting across pension plans, including:

• 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, Multi-Employer Pension Plans (MEPPs), Supplemental Executive Retirement Plans (SERPs), Retirement Compensation Arrangements (RCAs), and Individual Pension Plans (IPPs)

GBL’s experienced actuaries are all Fellows of the Canadian Institute of Actuaries and Society of Actuaries and follow the same professional standards as our peers at larger actuarial consulting firms.

Customized Pension Administration and Operational Excellence

GBL’s pension administration services provide meticulous attention to detail with all calculations going through our stringent peer review process.  We provide unparalleled efficiency in delivering these services, keeping fees down and enabling seamless pension plan management.  Unlike with our larger peers, you and your clients will speak with the same analyst year-to-year, allowing for utmost care and 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 by the actuarial consultant. 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

GBL prioritizes industry-leading client care.  Our seasoned pension team is committed to providing clients with more care and attention than our industry peers.  Our expertise allows us to create efficient customized solutions along with lower overhead costs relative to our larger peers.  GBL can provide the professional services needed to optimize your pension plan at a significantly lower cost than that of larger actuarial consulting firms.

Access to GBL’s Extended Corporate Services Network

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

• Investment Consulting
• Asset Management
• Legal
• Human Resources
• 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 industry-leading client care, 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 DB plans, GBL has expertise in:

• Defined Contribution (DC) and Multi-Employer Pension Plan (MEPP) design, consulting, and administration
• Group RRSPs
• Supplemental Executive Retirement Plans (SERPs)
• Retirement Compensation Arrangements (RCAs)
• Employee Health Benefits and Executive Private Health Plans

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.