Surf Wiki
Save to docs
general/actuarial-science

From Surf Wiki (app.surf) — the open knowledge base

Enrolled actuary

An enrolled actuary is an actuary enrolled by the Joint Board for the Enrollment of Actuaries under the Employee Retirement Income Security Act of 1974 (ERISA). Enrolled actuaries, under regulations of the Department of the Treasury and the Department of Labor, perform a variety of tasks with respect to pension plans in the United States under ERISA. As of August, 2024, there were approximately 3,400 enrolled actuaries.

Qualifications

The Joint Board for the Enrollment of Actuaries administers two examinations to prospective enrolled actuaries. Once the two examinations have been passed, and an individual has also obtained sufficient relevant professional experience, that individual becomes an enrolled actuary.

The first exam (EA-1) tests basic knowledge of the mathematics of compound interest, the mathematics of life contingencies, and practical demographic analysis.

The second (EA-2) examination consists of two segments, which are offered during separate exam sittings in either the fall or the spring. Segment F covers the selection of actuarial assumptions, actuarial cost methods, and the calculation of minimum (required) and maximum (tax-deductible) contributions to pension plans. Segment L tests knowledge of relevant federal pension laws (in particular, the provisions of ERISA) as they affect pension actuarial practice.

Employers

Enrolled actuaries generally work for human resource consulting firms, investment and insurance brokers, accounting firms, government organizations, and law firms. Some firms that employ enrolled actuaries combine two or more of these practice specialties.

Organizations

Many enrolled actuaries belong to one or more of the following organizations: the Society of Actuaries, the American Academy of Actuaries, the Conference of Consulting Actuaries, or the American Society of Pension Professionals & Actuaries.

References

  1. See {{usc. 26. 7701, [https://www.law.cornell.edu/uscode/text/26/7701#a_35 paragraph (a)(35)], and {{usc. 29. 1242.
  2. (August 16, 2024). "Enrolled Actuary Roster". [[Joint Board for the Enrollment of Actuaries]].
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

actuarial-science mathematical-science-occupations employee-retirement-income-security-act-of-1974
Want to explore this topic further?

Ask Mako anything about Enrolled actuary — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report