Mark is the founder of BRC and principal consultant. Over his thirty plus year consulting career, Mark has provided a broad range of consulting services to both municipalities and Fortune 500 clients. His areas of expertise include actuarial valuation of Defined Benefit (DB) pension plans, Other Post-Employment Benefit Plans (OPEBs) and Supplemental Executive Retirement Plans (SERPs). He has expertise in financial modeling, compliance testing under ERISA, development of liability driven investment (LDI) solutions, software development and implementation of pension administration systems. In addition, Mark consults with clients on retirement plan design issues, funding strategies and participant communication. Mark has a comprehensive understanding of ERISA, the Internal Revenue Code, employers’ accounting standards under FASB and governmental accounting standards under GASB. He has designed actuarial valuation and administration software for both defined benefit and retiree medical and life insurance plans.
Prior to forming BRC, Mark was employed as a consulting actuary with Willis Towers Watson, formerly Towers Perrin for over twenty years. In addition to providing actuarial consulting services to his clients at Towers Perrin, he served as an internal auditor for the firm’s North American valuation practice and provided compliance testing services to the firm’s US offices.
Professional Designations
Associate, Society of Actuaries (ASA)
Enrolled Actuary under ERISA (EA)
Member, American Academy of Actuaries (MAAA)
Fellow, Conference of Consulting Actuaries (FCA)
Education
Bachelor of Science degree from Georgia State University in Mathematics and Actuarial Science.
Rob joined BRC as a Consulting Actuary in 2014. He has more than 20 years of experience providing consulting and administrative solutions related to pension and post-employment benefits to both public and private sector clients across a broad range of industries. He has worked primarily in the area of qualified retirement plans but also has extensive experience working with non-qualified executive deferred compensation arrangements and post-retirement medical plans. Rob’s experience includes performing actuarial valuations of defined benefit pension plans to determine funding and accounting requirements under ERISA and the Internal Revenue Code and SFAS 87 and SFAS 88, as well as valuations of other post-retirement benefits under SFAS 106.
Rob is an expert on the design and operation of Supplemental Unemployment Benefit (SUB) plans. He has developed both fully outsourced and co-sourced solutions to administer SUB plans, integrating benefit calculations, state unemployment insurance coordination, employee communications, participant self-service (web, IVR, call center support), trust and benefit payment services.
Professional Designations
Associate, Society of Actuaries (ASA)
Education
Bachelor of Science degree from Georgia State University in Mathematics and Actuarial Science.
Gayden joined BRC as a Retirement Consultant in 2014. He has more than 30 years of experience in providing consulting, actuarial valuation and administration services to sponsors defined benefit pension plans. He specializes in compliance reviews, quality control and auditing of plan administration practices and procedures performed by outsourcing vendors engaged by Fortune 100 corporations. In addition, he prepares both qualified and non-qualified benefit certifications and has extensive knowledge in performing calculations governed by Qualified Domestic Relations Orders (QDROs). He is frequently engaged as a reviewer and tester of automated plan administration systems.
Prior to joining BRC, Gayden served as an actuarial valuation supervisor for an international employee benefits consulting firm. He oversaw an actuarial team consisting of ten analysts who provided actuarial valuation services to clients ranging in size from 100 to over 7,000 participants. In addition, Gayden served as a technical reviewer of the work products prepared by other members of the firm.
Education
Doctor of Business Administration – Quantitative Economics and Finance (completed doctoral requirements except for dissertation) at Mississippi State University – College of Business and Industry.
Master of Business Administration – Economics and Finance from the University of North Alabama.
Bachelor of Science – Industrial Engineering from the University of Tennessee at Knoxville.