Actuarial Services

Chicago Consulting Actuaries is the actuary on all Defined Benefit Plans administered by MedAmerica Financial Services.  Now most people just roll their eyes when told the duties of an actuary but Chicago Consulting Actuaries was instrumental in the design that allows physicians to shelter as much as $30,000 or more over and above the profit sharing contribution amount.  On an ongoing basis, Chicago Consulting Actuaries provides the annual account valuations for each defined benefit participant, aids in the filing of the defined benefit plan Form 5500, and computes the projected annual benefit for each participant.  Chicago Consulting Actuaries is an integral part of the overall administration at MFSI.