Common Errors
...below is a list of common errors we've encountered.
Follow this link for insight into how your calculation was prepared

  • In calculating the highest average compensation, a high year of compensation is omitted.
  • Some years of benefit accrual service are omitted.
  • The wrong lump sum factor is used to cash-out a pension.
  • The cash payout in the Cash Balance Plan is too low.
  • A minimum benefit, or minimum calculation, is ignored.
  • Mathematical mistakes are made.
  • Enhanced or optional forms of benefits are not offered.
  • Mistakes in the calculation of death benefits are made.
Often while performing a pension calculation, the Plan Administrator is confronted with some unusual aspect where a decision needs to be made, and often the least costly (lower) benefit is decided upon.

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