NEW YORK, June 19, 2013 (GLOBE NEWSWIRE) -- ERP Actuaries & Consultants announces that Joseph Cimino, Senior Consultant and Actuary at ERP, has become an Enrolled Actuary, licensed by the Joint Board of the Department of the Treasury and the Department of Labor. "We are so proud of Joe and his accomplishments," says Edward Repper, founder of ERP Actuaries & Consultants. "Joe's vast knowledge of pension plans and his years of actuarial experience have added tremendous value to the firm." Mr. Cimino recently satisfied the requirements to attain the status of Enrolled Actuary by fulfilling the examination and experience requirements.
Mr. Cimino joined ERP Actuaries & Consultants in 2012 as the 401(k)/Cash Balance Combo Plan Specialist for the firm. He is the primary consultant for his clients, providing day-to-day consulting, as well as, preparing all compliance and filing requirements, including Form 5500s, for the plans sponsored by his clients. Joe also provides plan design and general consulting services to financial advisors, insurance companies and small and large businesses. "I am so grateful for the support and motivation I have received from everyone at ERP Actuaries & Consultants throughout this process," says Mr. Cimino. "I'm very excited to utilize the new certification to better serve my clients."
Mr. Cimino also successfully passed several examinations administered by the Society of Actuaries. He graduated Magna Cum Laude with a Bachelors of Science Degree in Actuarial Science from the Peter J. Tobin College of Business at St. John's University.
Founded in 2002, ERP is an actuarial and retirement consulting firm that offers consulting and administrative services. The firm designs and administers retirement plans to help increase retirement and tax savings for businesses and their employees. ERP's services include both defined benefit and defined contribution plans and qualified and non-qualified plans. The firm's client base is extremely diverse, ranging from small to midsize businesses and for profit and not for profit organizations. Clients include law firms, medical practices and other professional practices, as well as, schools and small closely held family businesses. ERP has offices in New York City and Long Island.
Managing Partner and ERP founder Edward Repper is an Enrolled Actuary. He has extensive experience in retirement plan design and plan implementation for both defined benefit and defined contribution plans. Mr. Repper has provided actuarial services and supporting expertise in the negotiations between labor and management, as well as, expert testimony for a number of legal cases and bankruptcy proceedings that have involved pensions and life expectancy. These cases included pension plan asset purchases, divorce proceedings and issues related to restricted lump sum payments. He is a frequent speaker at industry events.