Retirement Maximize the longevity and security of your plans

Your participants work hard. We can help make sure their retirement benefits work hard for them, too.

Retirement consulting and actuarial services

We provide a full suite of consulting and actuarial services designed to maximize the longevity and security of all types of retirement programs with a focus on multiemployer Defined Benefit and Defined Contribution programs. We also consult to public and corporate pension plans. Our services include:

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  • Plan design

    Whether it's designing a new plan or redesigning an existing plan, we provide choices to satisfy Trustee objectives. We develop innovative design options to provide adequate benefits, address industry staffing needs, protect your plan’s long-term financial health, and manage plan risk.

  • Financial analysis and projections

    We assist Trustees in costing, projecting and analyzing the trends and results from changes in benefits, contributions, assumptions, and cost methods. Our projections can also be modeled interactively to provide Trustees with the tools needed to make proactive decisions about benefit and rate changes, stay in front of trouble or plan for benefit recovery.

  • Compliance support

    We provide legislative and regulatory compliance support, including actuarial valuations for pension plans, PPA certifications, required notices, withdrawal liability, and discrimination testing for Defined Benefit (DB) and Defined Contribution (DC) plans.

  • Administration support

    We can assist in completing required government filings, processing complicated pension calculations, or helping revise Plan Documents, Summary Plan Descriptions or customized participant communications.

  • Special projects

    We have considerable experience with bargaining support, benefit design and cost analysis, plan merger analysis and implementation, stochastic modeling, actuarial assumption studies, and other special projects.

  • Communications consulting

    We provide full-service employee benefits communications consulting designed to increase awareness and improve participant experience.

    Communications Consulting
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Why Rael & Letson for retirement plans?

We understand the significant role retirement plans play in people’s long-term financial health. Our team of actuaries and consultants is committed to serving the full spectrum of retirement systems, recognizing that our work today will impact countless lives tomorrow.

Unparalleled experience

We specialize in collectively bargained plans and have a deep knowledge of multiemployer retirement plans, issues, and trends. We are experienced with designing, implementing and communicating about all types of Defined Benefit and Defined Contribution plans, including hybrid designs such as Variable Defined Benefit and Cash Balance plans.

Teamwork

While our consultants are committed to building strong, long-lasting relationships with each client, they are part of a larger team that includes knowledgeable analysts and co-consultants who know the details of each plan, and the goals of each client.

Customized, cost-effective solutions

We are small enough to be nimble and flexible in developing creative solutions customized to the unique needs of each client.

Advice you can trust – and understand

We have earned our clients’ trust as independent, unbiased advisors by delivering timely, dependable client service and clear, transparent client communications.

Employee-Owned

As an employee-owned firm, Rael & Letson is a desirable place to work, allowing us to attract and retain a talented staff of actuarial, consulting, and support staff. Our clients benefit from the efficiency and institutional knowledge that consultant continuity brings.

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Practice Leader

Bruce Cable

Consulting Actuary, Chief Executive Officer and Retirement Practice Leader

Bruce Cable is a consulting actuary and has practiced in the pension field for more than 40 years. Prior to joining Rael & Letson in early 2010, Bruce worked for a large international firm and its predecessor companies where most recently he led that firm’s multiemployer retirement business nationally. From his 30+ years of multiemployer experience and his leadership roles, Bruce has developed a strong understanding of the multiemployer marketplace and multiemployer consulting. He also possesses broad and deep technical skills in the multiemployer retirement arena including less common expertise in plan mergers and plan insolvency. Bruce has been active with the IFEBP where he led his previous firm’s multiemployer participation, including serving on the actuary and consultant’s committee, and often speaking at the annual conference. He graduated from the University of Puget Sound with a B.S. in Economics and Math and has an MBA from Purdue University. Bruce is an Associate of the Society of Actuaries, a member of the American Academy of Actuaries and an Enrolled Actuary.

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