Actuarial Malpractice Expert in ERISA Regulations

Case Description:

An actuarial malpractice expert was requested for a professional malpractice action involving ERISA regulations. The defendant, an actuarial firm, was retained to do calculations for the plaintiff’s retirement plan under ERISA. Plaintiff sought economic damages for professional actuarial malpractice, alleging the defendant didn’t alert plaintiff to taxation issues relevant to an employee receiving a lump sum distribution. Defendant contended it was not retained to administer the plan, only to perform calculations.

The client sought an expert in ERISA regulations and the standard of care for actuaries in pension plans. The expert was needed to opine on the responsibilities of the actuary in addressing IRS regulations, specifically the Top 25 Rule, in these circumstances. The expert was required to have prior testimony experience, preferably explaining aspects of Actuarial Standard of Care and Scope of Engagement to the court.

Experts Presented:

  • Valuation Expert

    An insurance industry veteran with over thirty years of actuarial experience, this valuation expert primarily works as a consultant to companies seeking pension plan valuations. His experience encompasses both work within the insurance industry and designing defined benefit retirement plan payment systems. He has prior testimony experience providing valuation services for labor and employment litigation. He is a member of both the Society of Actuaries and the American Academy of Actuaries. IMS Reference #4978765

  • Actuarial Science Expert

    This actuarial science expert founded a consulting company focused on valuation of retirement plans, ERISA compliance monitoring, and pension plan design. He’s been active in the field since the early seventies and is a recognized actuarial expert witness. His experience encompasses a wide range of retirement plans, from corporate sponsored retirement plans to small employee, or Keogh, plans. A member of numerous actuarial professional organizations including the Society of Actuaries and the American Society of Pension Actuaries, he can easily address the Actuarial Standard of Care and opine on issues of professional malpractice. IMS Reference #4978764

  • Actuarial Science Expert

    This actuarial malpractice expert has been active in the actuarial profession for over 20 years, speaking at several conferences a year, writing many articles for professional journals, and being involved with the pension committees of a number of professional actuarial organizations. He is an Enrolled Actuary who provides pension administration consulting services on actuary, plan design, and 401K compliance issues. IMS Reference #4978763

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Industry: All, Accounting, Insurance