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Pension Plan Terminations
A Clean Exit. A Confident Future.
For plan sponsors ready to fully exit their defined benefit plans, October Three offers a streamlined, strategic path to pension plan termination. We combine actuarial expertise, a focus on compliance , and project management excellence to help you terminate your plan with confidence—on time and on budget.
How We Help
We manage the full termination process from start to finish:
Funding gap analysis
Participant data hygiene/clean up
Lump sum window and annuity purchase analysis
Timelines and project plans that meet your needs
Customized communication strategy and participant election kits
Participant education on annuity vs. lump sum options
U.S based call center staffed by pension experts
Employee self service
DOL 95-1 for fiduciary due diligence carrier negotiations to maximize insurer participation and drive the most competitive pricing for annuity purchase.
Documentation and audit trail support
Seamless transition of benefit payments to the carrier
Our Difference
We understand that you have multiple demands on you and your staff’s time. Our streamlined processes minimize your effort and the project’s cost.
| What We Do Better | Why It Matters |
|---|---|
| End-to-End Project Management | One team, full visibility, no handoffs |
| Custom Communication Strategy | Minimizes confusion and participant risk |
| Integrated Actuarial + Consulting Expertise | Ensures compliance and cost efficiency |
| DOL 95-1 Compliance | Fulfills your fiduciary responsibilities |
| Deep Insurance Market Access | Delivers better pricing |