Your Defined Benefit Plan Experts
Rewrite the rules of pension plans with October Three – the experts in defined benefit strategy, management and administration.
Expert Actuarial & Pension Plan Consulting Services
As pioneers in the field, our seasoned team of pension actuaries brings unmatched proficiency in navigating the intricacies of pension plan management. With a meticulous eye for detail and a deep understanding of financial markets, we craft solutions that align with your organization's goals and ensure a secure retirement for your employees.
Our Pension Perspective
Stay up to date with the latest in defined benefit plans with our expert insights. From market updates, to retirement plan management tips, to regulatory news, we’ve got you covered.
Why DB plans are the right tool for the job
With a rapidly aging population and increasing average lifespan, Americans recognize that an effective retirement plan must provide a secure retirement income for the rest of the participant's life - whether one year or 30 years. As we're finding, DC plans are not suited to provide lifetime income. Fortunately, there is a simple enough response to these challenges – defined benefit (DB) programs, including cash balance plans, are excellent solutions to this need.
What incentivizes younger employees to stay at a job? Guaranteed lifetime income
Employee retention is the number one problem facing American companies right now. Not only is turnover frustrating for employers, but it is also expensive. Employers frequently underestimate the importance of excellent employee benefits, especially retirement, even for younger people. As more Americans have grown aware of the retirement crisis facing Baby Boomers and Gen X, the younger generations are preparing for the future.
Introducing Our New PRT Savings Tool
We are pleased to announce the launch of our PRT savings tool. It offers a detailed breakdown of the expenses involved in transferring your pension risk. By analyzing various factors, such as your plan's funding status, projected liabilities, and market conditions, we provide you with a clear understanding of the financial implications of transferring your pension obligations and how much you could save annually.