Watkins Ross provides consulting, actuarial and administrative services to various types of retirement plans and health plans. The myriad of rules, regulations and reporting requirements that apply to this industry are complex and the penalties for noncompliance can be substantial. We assist our clients in complying with the regulations in a cost and time-efficient manner, and will work with you to ensure the needs of the employees are met, as well as the objectives of the employer. Each of our clients is served by a dedicated team of individuals who have the specific skills needed for that particular assignment. This team-based approach builds relationships based on trust and cooperation and enhances our ability to serve our clients in an efficient and cost-effective manner.


Watkins Ross assists clients with all aspects of designing, implementing, operating, or terminating qualified and non-qualified retirement plans. We guide our clients through the decision-making processes and advise them on operational and compliance related issues. Our team is highly experienced in both defined benefit and defined contribution plans.


Watkins Ross provides actuarial services to health care plans. Our team specializes in health plan consulting, COBRA and other health plan pricing, incurred but not paid claim reserve calculations, and benefit comparisons to determine the impact on premiums of benefit plan changes such as changing deductibles, co-pays, and out of pocket maximums.

401(k) Plans

A 401(k) plan is a type of defined contribution retirement plan into which workers are allowed to contribute a portion of their income to save for retirement.

403(b) & 457 Plans

Certain defined contribution plans are only available to certain type of employers such as 501(c)(3) tax-exempt employers, school systems, hospitals, and governmental employers.

Calculation of Incurred but not Reported (IBNR) Reserves

An estimate of the amount of medical and prescription drug payments owed to valid claimants who have had a covered loss but have not yet received payment for such covered loss.

Cash Balance Plans

A cash balance pension plan is a defined benefit plan that specifies the benefit as a hypothetical account balance.

Defined Benefit Plans

Defined benefit plans are retirement plans established to provide a specific benefit at a specified retirement date to eligible participants in the plan.

Employee Stock Ownership Plans (ESOP)

An ESOP is a qualified retirement plan that invests primarily in company stock of the employer.


ERISA requires group health plans to have a written SPD document in place; which “wraps” around your insurance policy, coverage certificate or plan booklet (i.e. group health plans, dental and vision plans, group term life, etc.).

Money Purchase Plans

Money purchase plans are similar to profit sharing plans with the distinction that the employer contribution is not discretionary.

Multi-employer Plans

A multi-employer pension plan is a collectively bargained plan sponsored by more than one employer and a labor union.

Non-Qualified Plans

Non-qualified retirement plans are frequently offered to highly compensated employees and executives as a supplement to qualified retirement plans that have limitations and restrictions.

Other Post-Employment Benefits (OPEB)

Other post-employment benefits (OPEB) include, but are not limited to, post retirement health care; life insurance provided outside a pension plan to retirees; and other welfare benefits such as tuition assistance, day care, legal services, and housing subsidies provided after retirement.

Plan Documents

A plan document is a binding legal agreement that details the provisions under which a retirement plan operates, the rights of plan participants, and the responsibilities of the plan sponsor and trustees.

Profit Sharing Plans

Profit sharing plans are defined contribution plans to which the employer makes a discretionary contribution of employer money to be allocated to accounts of the participants.