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Twin Towers, 4955 Steubenville Pike, Suite 170
Pittsburgh, PA 15205-9619
(412) 278-4830 • (412) 278-4834 (Fax)

Welcome to W&W Actuarial Services, Inc.

For over 30 years our professionals have provided companies, just like yours, with recordkeeping, administration and actuarial services for their retirement plans. W&W Actuarial Services, Inc. provides services to clients ranging in size from one to over a thousand employees. We are proud of our reputation for providing efficient, accurate and affordable services to our clients.

We are equipped to handle your retirement administrative and actuarial needs. W&W now offers ERISA 3(16) fiduciary services to function as the Plan Administrator on behalf of those clients who do not have the resources to address the day-to-day issues. As Plan Administrator we have the capability to perform the required services necessary to maintain plan compliance. In today’s environment, many plan sponsors look to their TPA (third party administrator) for such a service. Choosing W&W as the Plan Administrator allows us to interact with the plan participants on a daily basis. Please contact us to learn more about the 3(16) fiduciary services.

We understand the importance of the interaction between all of the interested parties (employer, participants, financial representatives, accountant, attorney and recordkeeper/consultant). To ease the client's administrative burden, our goal is to establish a systematic method for receiving and reporting information.

Company Information

W&W Actuarial Services, Inc. ("W&W"), located in the Robinson Township area of Pittsburgh, PA, was established in 1991. W&W provides actuarial and administrative services to those companies sponsoring qualified retirement plans. Our commitment is to provide our clients with a high level of service to guide them through the complex maze of continually changing governmental regulations. We attribute our success to the quality of our staff and to the relationships we have developed. Our enrolled actuaries are members of the American Academy of Actuaries, Conference of Consulting Actuaries and College of Pension Actuaries. The staff includes several highly experienced employees.

W&W assists employers in the design, implementation, administration and communication of a wide range of retirement plans. We are committed to providing these services to our clients in a timely, accurate and cost-effective manner.

Our benefit professionals are dedicated to helping employers implement retirement plans that promote corporate goals and objectives, control costs and give employees a sense of security.

W&W takes the confusion out of plan administration duties and decision making by providing our clients with the consulting and technical expertise they need. We maintain all of the latest pension software systems to process our clients work more efficiently to ensure the highest standards of quality.

Meet the Staff

W&W’s greatest resource is its team of experienced professionals. Our clients are served by employees who have professional qualifications and whose backgrounds include many years of experience in the pension and retirement field. They are committed to providing our clients with friendly, courteous and responsive personalized service of superior quality.

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Robert E. Warmus, EA, MAAA, FCA, MSPA

President and Consulting Actuary

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Beverly J. Manko

Vice President and Senior Consultant

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Peter E. Staab

Senior Consultant

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Brian V. Viletto

Pension Actuarial Analyst

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Gina McElhone

Pension Actuarial Analyst

Services

W&W services all types of retirement plans. We recognize the importance of providing personal attention and timely services. To that end, our philosophy begins with a "team approach" to better serve and ensure the highest degree of quality.

A retirement plan is a key ingredient in a business formula for success. A properly designed retirement plan will enable the client to attract and retain quality employees, reduce taxes and enhance retirement benefits. An essential element to the plan's success is our ability to effectively communicate with the plan sponsor and their employees. We are able to address and provide information and practical advice to the client regarding legislative, workforce or economical changes that may affect the plan's funding or qualification.

Because we are a full service consulting and administration firm, partnering with us ensures that the needs of you and your employees will be met. We offer a full range of retirement plan services.

Plan Design and Implementation

Selecting, customizing and implementing a plan can be a complex process. Our professional staff will guide you through each step of the process including:

Defined Contribution Plan Recordkeeping and Administration

Our clients generally fall into one of two categories; those who require our "full" administrative services and those clients using a daily valuation platform through our third party alliances formed with various investment companies. We perform the services listed below for our "full" service clients as frequently as monthly, quarterly, semi-annually or annually in order to provide smooth and efficient plan operation. For those clients using a daily valuation platform, we interact and work directly with the investment company so there is no duplication of services. Services include:

Defined Benefit Plan Actuarial Services and Administration

Our professional staff has the expertise and up-to-date technology to provide the necessary actuarial and administrative assistance to manage your defined benefit plan:

Annual Compliance Testing and Government Reporting

Our professional staff has the knowledge and expertise to help keep your retirement plan in compliance with federal laws and regulations and, should violations occur, provide you with methods of correction. We provide the following services, if applicable:

Consulting Services

Qualified Retirement Plans

A qualified plan must meet a certain set of requirements set forth in the Internal Revenue Code such as minimum coverage, participation, vesting and funding requirements. In return, the IRS provides tax advantages to encourage businesses to establish retirement plans including:

In addition, sponsoring a qualified retirement plan offers the following advantages:

Employers can choose between two basic types of retirement plans: defined contribution and defined benefit. Both a defined contribution and a defined benefit plan may be sponsored to maximize benefits. Our consultants can help you choose the right plan for your company. Listed below is a description of the types of plans that are available.

Defined Contribution Plans

  • Profit Sharing Plans
  • Traditional and Safe Harbor 401(k) Plans
  • New Comparability Profit Sharing Plans
  • Money Purchase Plans
  • ESOPs

Defined Benefit Plans

  • Traditional DB plan formulas
  • Cash Balance Plans

Annual Plan Limits

Type 2022 2021 2020
Contribution and Benefit Limits
Elective Deferral Limit $20,500 $19,500 $19,500
Catch-Up Contributions $6,500 $6,500 $6,500
Annual Contribution Limit $61,000 $58,000 $57,000
Annual Contribution Limit including Catch-Up Contributions $67,500 $64,500 $63,000
Annual Benefit Limit $245,000 $230,000 $230,000
Compensation Limits
Maximum Plan Compensation $305,000 $290,000 $285,000
Income Subject to Social Security $147,000 $142,800 $137,700
Key EE Compensation Threshold $200,000 $185,000 $185,000
Highly Compensated EE Threshold $135,000 $130,000 $130,000
IRA Limits
SIMPLE Plan Elective Deferrals $14,000 $13,500 $13,500
SIMPLE Catch-Up Contributions $3,000 $3,000 $3,000
Individual Retirement Account (IRA) $6,000 $6,000 $6,000
IRA Catch-Up Contribution $1,000 $1,000 $1,000

Newsletters

Our newsletter covers topics of interest to retirement plan sponsors and their advisors. Every other month another online newsletter is added to our newsletter library. Please bookmark our site so you can easily return to view our future newsletters.

Click the topic below to view the newsletter.

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Contact

Address

Twin Towers
4955 Steubenville Pike, Suite 170
Pittsburgh, PA 15205-9619

Phone

(412) 278-4830
(412) 278-4834 (Fax)

Email

info@ww-actuarialservices.com

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