Donna Hamaker is a consultant and actuary with a wide range of experience in the pension plan arena.
These areas include:
- Assisting private employers in the design, evaluation and financial analysis of their employee benefits plans (traditional defined benefit and cash balance). This includes the annual valuation of the plan and reports with annual recommendations to the plan sponsor regarding arrange of contribution from minimum to maximum and an amount that may be more appropriate, based on their particular circumstances.
- Providing pre-approved plan documents, based on the design that meets the employers’ retirement and cash flow needs.
- Working with the IRS, Department of Labor & PBGC to provide annual filings for qualified plans, including working with these agencies during a plan audit.
- Nondiscrimination testing of qualified plans, benefit calculations, maximum benefit limitations, annual IRS forms 1099, and data analysis.
- Employee communication, including meetings to groups of employees to explain their retirement plan.
- Assisting plan sponsors with their transition from one service provider to another.
- Assisting plan sponsors with the dissolution of their plans when the employer deems the plan no longer meets their needs.
Donna has worked for both large and small consulting firms over the years, handling clients ranging from 1 participant to over 5,000 participants.
Donna earned her B.S. in actuarial science from Drake University.
Personal interests include reading, nutrition, exercising, taking care of her grandchildren, staying abreast of political news, and volunteering at the local senior citizen center. In the past, Donna was actively involved in Girl Scouts of America as a troop leader and held volunteer managing positions with the Girl Scout Service Unit, which oversees multiple troops of girls and their leaders.
