Case Study

Quality Assurance for Defined Benefit Pension Plan Calculation


A Fortune 500 energy services company had a large number of terminated vested and retiree participants whose pension documentation was located in hard-copy files.

The files were supposed to contain final pension calculation details along with the required supporting documentation.

Analysis of a sample of the files revealed incomplete calculation details, multiple calculations in many of the files, and files with documents not related to the pension benefits.

SBA was engaged to verify each pension calculation and ensure that the documentation in each file was complete.