Mergers and Acquisitions

  • Identification and quantification of liabilities of executive and employee benefit programs and promises
    • FAS 87, 88, 106, 109, 112
    • SERPs, nonqualified deferred compensation, split dollar, death benefits, etc.
    • Re-quantification of liabilities on a risk adjusted basis
    • Exposure to multiemployer pension and welfare plans
      • Withdrawal liability
      • Glide path of plans
      • Future contribution requirements
      • Potential for change due to modifications of assumptions or methods
  • Analysis of program assets and financial strategies
    • Rabbi trusts, secular trusts, COLI, BOLI, VOLI
    • Risk emanating from asset-liability mismatch
  • Multiyear projections
    • Cash flow and accounting
  • Qualification/nondiscrimination issues—existing issues, as well as those arising from the transaction