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DeVan C. Brown, QKA
P.O. Box 91303
East Point, Georgia 30364-1303
(404) 761-1090 (Home Office)
(404) 759-0290 (Wireless)
Career Objective: Pension or recordkeeping consulting assignments using my 20 years of vast benefits experience for the continued advancement of a progressive company.
Work Experience:
04/02--Present: Independent Retirement Plan Consultant; Atlanta, Georgia.
Provide retirement plan administration and consulting services to small/medium size plan clientele on a contract basis. Duties and responsibilities include management and supervision of plans, preparing plan valuations, maintaining benefit records and performing trust accounting and financial reconciliations. Accomplished and knowledgeable of profit sharing, 401(k), money purchase, ESOP’s, and defined benefit plans. Defined benefit plan experience includes plan design, determining accrued benefits, and calculating present values. Experienced with post-normal retirement accruals, permitted disparity, coverage and nondiscrimination. Experienced working with various plan benefit formulas including flat, fixed and unit benefits and those integrated with Social Security. Versed in working with early retirement benefits, ancillary and incidental benefits and dealing with issues related to Pension Benefit Guaranty Corporation (PBGC). Experience working with actuaries on actuarial assumptions and funding methods. Knowledgeable of hybrid defined benefit plans including cash balance and floor-offset plans. Convert plans to DATAIR recordkeeping system. Excellent communication skills exemplified by conducting client and participant meetings. Amend and restate plan documents to comply with the provisions of GUST. Facilitate and assist with Internal Revenue Service and DOL audits. Prepare various government reporting forms including annual Form 5500 and schedules thereof, Form 945 and 1099-R’s. Perform 401(k)/401(m) discrimination testing and other compliance testing.
12/00--03/02: Director, Southeast Region, Pension Benefit Guaranty Corporation (PBGC)/Integrated Management Resources Group, Inc. (PBGC Contractor); Atlanta, Georgia.
Responsible for planning, directing and coordinating the operations for the Southeast Region of the Pension Benefit Guaranty Corporation (PBGC). Provide management and supervision of the day-to-day activities of 47 employees. Review plan terminations to determine time frames, funding requirements, procedures for accomplishing projects, and allotment of available resources including staffing. Confer with staff to outline workplans and to assign duties, responsibilities and scope of authority to ensure scheduled timeframes are met and within budget. Prepare detailed project reports for management and clients. Consult with actuaries to ensure plan valuations and complex benefit calculations are completed timely and that benefit statements are accurately prepared. Confer with personnel to provide technical advice and to resolve problems. Develop and implement internal improvements to concur with audit findings. Responsible for developing, analyzing and managing the budget for the regional office. Negotiate employee salaries; evaluate employee performance and outline employee growth and development.
01/95--11/00: Senior Vice President of Administration, Fortune Benefits, Inc.; Atlanta, Georgia.
Responsible for the overall management, direction and supervision of the Company's third-party recordkeeping department. Proven analytical and problem solving skills demonstrated by supervising record keeping operation. This included ensuring that plan valuations, allocations, distributions, discrimination and other compliance testing and financial reconciliation's were completed timely and accurately. Diversified knowledge utilized to manage and direct various retirement plans including 401(k), profit sharing, money purchase, defined benefit, and ESOP plans. Additional responsibilities include successfully converting participant information into DATAIR's pension recordkeeping system. Provide administration and consultation on Section 125 Cafeteria Plans. Managerial skills demonstrated by supervising and motivating staff of 8 employees. Excellent communication skills exemplified by facilitating client meetings, staff meetings and employee enrollment meetings. Knowledge of plan investments and financial markets. Consult with brokers and clients regarding plan investment selections. Worked with actuaries to ensure defined benefit plan valuations and benefit calculations are completed timely. Provided analytical support to actuaries with determining actuarial assumptions for funding and benefit calculations. Organizational skills demonstrated by ensuring the timely completion and filing of various complex Internal Revenue Service and Department of Labor Forms. Proven problem solving skills demonstrated by assisting with the successful completion of IRS and DOL audits and obtaining IRS Favorable Determination Letters.
05/93--08/94: Administrative Account Manager, INVESCO Retirement Plan Services, Inc.; Atlanta, Georgia.
Broad retirement plan knowledge utilized to assist with the definition, start and creation of the Company's defined contribution record keeping operation. Analytical, problem solving and communication skills demonstrated by ensuring client relationships within a daily environment are maintained. Technical experience used to assist with various pensions related training assignments. Superior communication skills demonstrated by conducting intensive meetings with upper management, clients and plan participants. Accomplished in meeting work schedules in a timely and efficient manner.
09/87--06/93: Independent Retirement Plan Consultant; Atlanta, Georgia.
Provided retirement plan administration and consulting services to small plan clientele. Duties and responsibilities included management and supervision of plans, preparing plan valuations, maintaining benefit records and performing trust accounting and financial reconciliations. Exemplified excellent communication skills by conducting client and participant meetings. Amended plans to comply with TRA 1986 and Final DOL Regulations thereof. Facilitated and assisted with Internal Revenue Service audits. Prepared various government reporting forms including annual Form 5500 and schedules thereof and 1099-R's. Performed 401(k) discrimination testing and other compliance testing.
10/85--09/87: Retirement Plan Administrator, New England Life; Atlanta, GA.
Coordinated the administration and supervision of retirement plans including 401(k), tax shelter annuities, target benefit and defined benefit plans. Produced various government reporting forms. Performed allocation of contributions, forfeitures and earnings. Advised and oversaw trust investments. Advised and communicated with management on plan installation and conducted participant enrollment meetings. Supervised the preparation of participant statements and various employer reports. Prepared benefit calculations and processed claim and benefit applications.
10/83--10/85: Employee Plans Specialist, Internal Revenue Service; Atlanta, Georgia.
Analyzed and evaluated Applications for Favorable Determination Letter, plan documents and amendments thereof for compliance with DOL Regulations, ERISA, TEFRA, DEFRA and REA. Conducted audits of Form 5500 and plan records for procedural and operational compliance. Exemplified Federal Tax Code knowledge and excellent communication skills by providing technical benefits assistance to plan sponsors. Received extensive classroom and on-the-job training related to pension tax law and pension plan operations. Demonstrated practical judgment by working independently to manage inventory of cases and scheduling and conducting plan audits.
Education:
1999--Present Candidate for the American Society of Pension Actuaries Qualified Plan Administrator (QPA) and Certified Pension Consultant (CPC) designations.
1978--1981 University of Alabama in Birmingham; Birmingham, Alabama. B.S. Degree in Accounting and Marketing; March 1981. |
