ABOUT US & WHAT WE DO FOR YOU
Pelion Actuarial Services, Inc. is a Retirement Plan TPA & Actuarial Consulting firm with headquarters in Rockford, IL and a high caliber team spread out all over the country.
We design & administer custom tailored tax reduction retirement plans for high income professional practices and successful small business owners. Our objective is to balance available cash flow with a need to reduce tax exposure of the business owners and accelerate their retirement account accumulation. Our designs achieve this while providing employees with very healthy plan benefits that allow the owners to optimize the design to meet their objectives.
We are experts in Cash Balance Plan pension & 401(k) Profit Sharing Plan combination designs that offer incredible latitude and very high contribution limits for business owners and professional practice firms such as, doctors, dentists, chiropractors, engineers, lawyers, accountants. Any business that has sustained high income and profitability can benefit immensely, with limitations on the pension side now exceeding $3.1M in lifetime benefits per owner.
Our administration and actuarial teams manage all aspects of IRS, DOL, PBGC and ERISA compliance from plan implementation and onboarding, annual administration, testing, and reporting, to plan termination when it is time to shut down the plans.
Our consulting team monitors your plans, benefits, funding status and annually walks you through your options and where you can optimize the features of the plan to meet your needs. As you approach your objectives, retirement, selling your practice or business, we consult you on how to maximize your exit for the greatest impact to your bottom line.
Now that you have accumulated massive tax favored retirement accounts, rely on our expertise in designing and implementing with you a strategic distribution strategy that again, most favorably impacts your personal bottom line during retirement. Our resources and access to expertise in these areas cannot be matched. Don't leave it to an uncharted plan for how you manage the backend tax plan. We are in this business to cover all aspects that financially impact you.
The leaders of our teams and firm have over 130 years of combined industry experience and have been key team members of several large, mid, and small Actuarial, TPA outfits and retirement plan divisions within large accounting firms. We partner with CPA firms all over the country to bring incredible value to their clients and we will work directly with your CPA and Financial Advisor to bring the same value to you.
Jeffrey R. Mason
Partner | President | CEO
Jeffrey Mason co-founded the firm 11 years ago and has established a network of partnerships with Financial Advisors and CPA firms across the country to provide the valuable retirement plan leg of financial planning for our common clients. Jeff is also a licensed Life Agent.
As the leader of business development, Jeff has delivered thousands of custom-tailored designs to our partners, to demonstrate what our actuarial firm can do for their clients. And that has opened many eyes because of the way Jeff thoughtfully conducts his designs after listening to clients and their advisors.
His ability to consider the numerous variables involved in each unique situation stem from his US Navy service, Associates degree in Computer Science, Microsoft Certified Systems Engineer certification, ASPPA and IRS ERPA programs and roles in retirement services operations on numerous complex platforms for clients of all size in scale from sole props to Fortune 500 companies for more than 23 years.
Christopher L. Hammond
Partner | CFO | COO
As the leader of our consulting practice, Chris works directly with our actuarial team to gauge the balance of benefit liabilities and plan assets to help clients with their funding decisions and objectives. As business conditions change, Chris steers clients through their options to either scale back or to enrich their plan benefits to align the plan to meet their new objectives and provides expert guidance with exit strategies.
Chris is a certified Cash Balance Consultant, licensed Life Agent, licensed Financial Advisor, career education with the American Society of Pension Professionals & Actuaries, over 28 years of experience in the retirement plan space across consulting, administration, and technology, with dual Bachelor of Science degrees with a Finance & Economics focus.
Gene Ferranti
Director of Actuarial Services
ASA | EA | MAAA
Gene is Chief Actuary and Director of Actuarial Services. He applies his expertise, vigorous work ethic and ingenuity in deriving a solution to almost any challenging scenario our partners put in front of him.
He manages our actuarial valuation development, reporting and filing requirements and assistance with all matters on plan compliance with ERISA laws and DOL, IRS, and PBGC regulations. Gene has 30 years of experience in all aspects of Defined Benefit Pension Plan administration, audits, and Qualified Life.
Gene has a Bachelor of Science in Mathematics and a Master of Science in Mathematics. Gene is part of our nucleus of developing cutting edge design solutions with keen insights into the actuarial components that we can leverage and moving the bar to find the optimal balance for effective results.
Tracey Bagley
Director of 401(k) Services
Tracey is the Director of 401(k) Services. Her 28 years of experience and expertise are demonstrated by the quality of her work, her disciplined approach to retirement plan compliance and annual processes, and her very strong knowledgebase on all technical matters. She takes a very efficient approach to managing these plans and has deep expertise and experience in taking on plans that have had compliance issues and getting them corrected properly and back on the right footing. Most importantly, she is client facing centric and ensures that each client is handled with great attention to their needs.
Having worked for other TPA firms, more than half her career has been in running her own firm. In doing so she became well versed in all aspects of the Tax Qualified retirement plan industry and has been our go to technical expert for years. As she became more aware of the major tax advantages of our combination plan designs, coupling a Cash Balance Plan with a 401(k) Profit Sharing Plan, we had mutual interest in teaming up and making her the Director on this side of that design model.
Andrew J. Rick
Director of Operations
Andy has a long history with Jeff & Chris, having also worked with the same national accounting firm retirement plan division and a large regional banking group managing daily valuation 401(k) operations. With strong business and mathematical skills, his meticulous attention to detail and being process oriented made him the right choice for us to bring him to our firm to oversee our teams and to help us build out more robust processes for our national platform.
Andy has a Bachelor of Science in Business Management from Northern Illinois University and 24 years of experience in the retirement plan field.
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