Information Provided to the Actuary
- Logos provides the actuary with Logos exhibits and working papers throughout the year with respect to (i) pension plan assets and (ii) change in pension plan assets detailed by component of change. This provides the actuary with concise and relevant reporting required to complete actuarial valuations and funding recommendations.
- The actuary and management use the Logos reports in preparing pension-related note disclosure contained in the sponsor corporation’s year-end financial statements.
- We also provide the actuary with detailed listings of lump sum pension, termination, death and marriage breakdown benefits paid out of the plan, for purposes of confirmation that all such members are no longer included in the calculation of the benefit obligation.
- Logos reports can be produced for any twelve month period ended in order to assist the actuary and management in completing the Accounting for Pensions note in the sponsor’s corporate fiscal year-end audited financial statements.
- The ability to produce financial data for any twelve month (or other) time period is especially important where the pension plan year end is different from the sponsor’s corporate fiscal year end.