When Consulting Actuaries Incorporated was
founded in 1970, few small businesses had retirement programs. The cost of
creating plan documents and hiring consultants to design and administer the
programs was more than most small businesses could afford. Thanks to the efforts
of companies like CAI, retirement programs became a standard part of the benefit
package of many small businesses.
In 2000 most companies are able to maintain "safe
harbor" 401(k) and profit sharing plans but they must turn to consultants
if they wish to utilize the complex pension laws to create a retirement program
that best meets their needs. These services have always been provided to large
companies by the high priced consulting firms. Again, thanks to the efforts of
CAI, small businesses now have access to this level of service.
Thus, despite the many changes which have occurred in the 30 years of CAI’s
existence, our mission, "To provided large business services to small
businesses at a price small businesses can afford" has not changed.
