INITIAL DESIGN & IMPLEMENTATION
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Review competitive pension, benefit, compensation or other reward provisions by country
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Advice and design solutions for both employer and employee
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Cost design solutions to maximize spend and increase opportunity
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Regular design and review of pension plan and provisions
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Assist with funding vehicle decision and support implementation
ADMINISTRATION ACTIVITIES
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Regular check-ins with clients on outstanding issues/actions, on-going monitoring process of participants, cash flow & assets
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Coordinate with Custodian on monthly reporting to Client & Foundation on contributions
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Perform quarterly monitoring of Client contributions sent versus contributions reported by Bank
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Prepare a reconciliation of the total fund showing each employee with contributions
ASSET PLANNING & FUNDING
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Review and reporting of cash flow and auditing on quarterly and/or annual basis
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Annual review of Investment Policy Statement
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Participate Performance Reviews and Timing Document Target for Investment Advisor
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Monitoring of Investment Advisor for advising and managing.
ACTUARIAL SERVICES
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Review current actuarial assumptions
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Analysis of demographics
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Individual projection of future contributions for statements
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Individual calculation of projected account balance and projected pension benefit
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Estimate additional contributions needed to hit Client determined income replacement target
COMMUNICATION SUPPORT
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Annually review enrollment procedure, application, and forms
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Prepare Benefits and/or Termination Statements
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Provide presentation materials for internal meetings
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Review on-going communication materials