Consulting Actuaries Incorporated - Actuaries and Employee Benefit Consultants

 

 



 Meet Our Staff

Consulting Actuaries Incorporated (CAI) is an organization of professionally accredited actuaries and consultants. Our independent consultants provide professional expertise in Actuarial Services, Employee Benefit Plan Consulting and Professional Administration. We provide the guidelines essential for the design, adoption, and administration of employee benefit programs tailored to suit the specific requirements of our clients. Several members of the CAI staff have been designated as Enrolled Actuary by the Joint Board for the Enrollment of Actuaries, or as Enrolled Retirement Plan Agents by IRS. As such, their certification may be used to fulfill the reporting requirements of the United States Department of Labor and the Department of the Treasury.

CAI's greatest strength is the length and breadth of experience of its Principals and Senior Staff. All of our consultants have extensive experience in the pension field and each is knowledgeable in all aspects of retirement plan design and administration. In addition, over the years each has developed areas of special expertise in which they have become an important resource for all members of our firm.   A brief biography of each follows.

The Principals

DERRICK ANDRIOLA:  Mr. Andriola is an Executive Vice President of Consulting Actuaries Incorporated. He over 30 years of pension experience in both insured and non-insured defined contribution plans. Mr. Andriola is well versed in pension trust accounting as well as every aspect of defined contribution plan administration. He obtained his bachelors’ degree in Management Science from Kean University.

ANTONIO BACCHETTA:  Mr. Bacchetta is CEO of Consulting Actuaries Incorporated. He began his career in the retirement plan field in 1980 and has been with CAI since 1982. His wide range of expertise includes defined benefit plan administration, life and health insurance, and all aspects of 401(k) plan design and recordkeeping. Mr. Bacchetta has BA in Business Administration from William Paterson University.

LESLEY MARSILIO:  Mrs. Marsilio is the Executive Vice President and Chief Financial Officer of Consulting Actuaries Incorporated. She has over 20 years of experience in the business field with a concentration in Finance and Human Resources. Prior to joining CAI in 1994, Mrs. Marsilio worked in Banking and also ran her own home-based business. Mrs. Marsilio is a graduate of Douglass College at Rutgers University where she received a Bachelor of Arts Degree in Psychology.

SHERRY SNOW, ERPA, QPA:  Ms. Snow is the President of Consulting Actuaries Incorporated. She began her pension plan career in 1986 with CAI. She has a wide range of experience in both designing and administering defined benefit and defined contribution plans. She is an expert in nondiscrimination testing of all types of qualified retirement programs. She also has significant experience in dealing with IRS audits. Ms. Snow graduated from the State University of New York at Oneonta with a Bachelor of Arts Degree in Mathematics and Physics.

HOWARD M. PHILLIPS, F.S.A., F.C.A., M.A.A.A., M.S.P.A., E.A.:  Mr. Phillips is a founder and a past president of Consulting Actuaries Incorporated. He is a past-President and past-Director of the American Society of Pension Professionals & Actuaries, past-Director of The American Academy of Actuaries, and Vice-Chair of the Actuarial Board for Counseling and Discipline. He is an actuary and consultant in the design, implementation, and annual actuarial administration of tax-qualified employee benefit programs.

Mr. Phillips is a 1961 graduate from Rutgers University, with BS in Mathematics. He attained a Fellowship in the Society of Actuaries in 1967; Membership in the American Academy of Actuaries in 1967; and was Enrolled in 1976. His numerous articles have been published in many magazines and newspapers.

DAVID M. TEITELBAUM, M.S.P.A., E.A.:  Mr. Teitelbaum is the Chief Actuary of Consulting Actuaries Incorporated, a member of the American Society of Pension Professionals & Actuaries (ASPPA), and an Enrolled Actuary. He has been with CAI since 1977 and was its Chief Executive Officer from 1991 through 2009. Mr. Teitelbaum is the principal author of "Administering the Plain Vanilla Profit-Sharing Plan (A Guide For Non-Actuaries)." He is an expert in the design and IRS approval process for customized individually designed qualified retirement plans, including new comparability, employee stock ownership, and cash balance plans. Mr. Teitelbaum has also developed a Continuing Education program for CPAs to keep them up to date on changes in the many pension related aspects of the law and the impact of those changes on the accountants’ tax planning work for their clients. Mr. Teitelbaum is the long-time Treasurer and former President of a non-profit private day school. He is a graduate of Clark University in Worcester, Massachusetts.

Senior Staff

LORI ALUOTTO:  Ms. Aluotto has over 20 years’ experience in the pension field and has been with CAI since 1988. She specializes in the implementation and administration of small to medium defined benefit plans and combined cash balance/profit sharing plans. Ms. Aluotto is a graduate of Rider University with a Bachelor of Science in Actuarial Science and Computer Science.

TOM BORKOWSKI, CPC: Mr. Borkowski is a Senior Consultant with over 35 years in the pension field, specializing in 401(k) Profit Sharing Plan design, administration and compliance. He holds a CPC designation (Certified Pension Consultant) from the American Society of Pension Professionals and Actuaries (ASPPA). Mr. Borkowski has taught the “Retirement Planning” course at FDU in their Financial Planning program for CFP candidates. Mr. Borkowski works with CAI clients and advisors in order to optimize plan performance and meet the goals of each individual client while insuring compliance with all government regulations. Tom obtained a Bachelor of Science degree in Mathematics from Farleigh Dickinson and Masters in Computer Science degree from Montclair University.

ASTRID BRITO:  Ms. Brito has over 25 years in the pension field. She specializes in defined contribution plans with expertise in the administration and record keeping for medium to large profit sharing and 401k plans. Ms. Brito obtained a Bachelor of Arts degree in Economics and Physiology from Mysore University.

BONNIE CALDWELL:  Ms. Caldwell has over 30 years in the pension field and joined CAI in 2007. She specializes in defined contribution plans administration and record keeping for profit sharing/401(k) plans. Ms. Caldwell obtained a Bachelor of Science degree in Mathematics from Parsons College.

NICHOLAS DIDOMENICO: Mr. DiDominico joined CAI in early 2014 and has experience working on combined Cash Balance & 401(k) Profit Sharing programs, with a focus on administering plans involving multiple business owners. He has recently passed Society of Actuary exams P & FM and graduated from Montclair State University with a degree in Mathematics.

ROBERT FRADELLA, ARPC:  Mr. Fradella is a Senior Retirement Plan Consultant with over 25 years of experience in the retirement industry. Mr. Fradella specializes in the Third Party Administrator relationships CAI has with investment and recordkeeping platforms. Mr. Fradella also manages relationships with clients, financial advisors and referral sources. He is well versed in developing new business opportunities and consulting with clients to ensure their plan objectives are being met. He has a BS in Business Management from Kean University.

PATRICIA GAROFANO, QKA:  Ms. Garofano has been with CAI since 1997. At CAI she specializes in the administration of defined contribution plans and daily valuation 401(k) plans. Ms. Garofano has earned the designation of Qualified 401(k) Administrator with the American Society of Pension Professionals & Actuaries (ASPPA). She received a Bachelor of Science Degree in Mathematics with a Minor in Computer Science from Montclair State University.

ROBERT J. MONDELLI, JR, ERPA:  Mr. Mondelli is Director of Technical Services. In that capacity he drafts plan documents, amendments, and Summary Plan Descriptions; makes plan submissions to the Internal Revenue Service and Pension Benefit Guaranty Corporation; and acts as a technical consultant for CAI’s actuarial staff. He is a graduate of Wagner College and is a recipient of a law degree from New York Law School.

PEGGY OLIVI:  Ms. Olivi has over 35 years’ experience in the pension field and has been with CAI since 1979. At CAI she has specialized in the design and administration of retirement plans for sole proprietors, partnerships, and small corporations. She obtained a Bachelor of Arts Degree in Mathematics at New Jersey City University.

CLIFFORD B. PARKINSON:  Mr. Parkinson has been with CAI for over 25 years. His experience is primarily in the administration of defined benefit and defined contribution plans of all sizes. Mr. Parkinson also has the detailed understanding of financial statement information required by FASB Statements 87, 132 and 158. Mr. Parkinson has a Bachelor of Arts Degree in Economics and Business Administration from Rutgers University.

RYAN ROMEO:Mr. Romeo joined CAI in 2010. His experience is primarily in the design and administration of defined benefit and defined contribution plans for sole proprietors, partnerships, and small corporations. Mr. Romeo received a Bachelor of Arts in Mathematics from Rutgers University.

WILLIAM SCHADEL, E.A.:  Mr. Schadel has over 30 years of experience in the pension field and is a Member of the American Academy of Actuaries and the American Society of Pension Professionals & Actuaries (ASPPA). He has worked for CAI since 1988. His background in administering defined benefit plans ranges from one-person "specialty" plans to very large plans maintained by Fortune 500 companies. Mr. Schadel is a graduate of Gettysburg College and became an Enrolled Actuary in 1982.

JANET SCHWARTZ, ERPA:  Ms. Schwartz has over 30 years’ experience in the pension field and has been with CAI since 1979. She has experience in the Technical Department drafting plan amendments and working on IRS and PBGC submissions and in the Actuarial Department administering small defined benefit and profit sharing plans. For the past several years, Ms. Schwartz has specialized in the area of plan terminations. Ms. Schwartz is a graduate of Rutgers University.

KATE SIMPTNER:  Ms. Simptner has been with CAI since 2006 and specializes in design, administration and consulting for sole proprietorships, partnerships and other small LLC and corporate defined benefit pension plans. She also has expertise in non-discrimination testing for traditional floor offset defined benefit plans. Ms. Simptner received a BS in Mathematical Science specializing in Mathematics of Finance and Actuarial Science from NJIT.

WALTER WHITE:  Mr. White has worked in the employee benefits field for over 30 years and has been with CAI since 1979. His main area of expertise is the administration and record keeping for medium to large profit sharing and 401k plans. His management experience extends beyond pensions to directing junior sports leagues in his hometown. Mr. White received his BA from St. Peters.

JAMES WILLIAMS:  Mr. Williams has been a pension consultant since 1979 and has spent all but five years of his career with CAI. His background is in the administration of medium to large defined benefit plans and in complying with the disclosure requirements of FASB Statements. Mr. Williams received his BA in Business Administration from the University of Notre Dame.

SARA S. WANG, CPC, QPA, QKA:  Ms. Wang joined CAI in 2014. She had over 9 years of pension administration experiences prior to joining CAI. She specializes in Cash Balance Plans, Floor Offset Plans, Traditional Defined Benefit Plans and New Comparability plans. Ms. Wang is a member of American Society of Pension Professionals and Actuaries. She received her ASPPA credentials over the past four years. She received a B.S. in Accounting from University of Connecticut.

FEI XIONG, EA, ASA, MSPA:  Fei has over 10 years of experience in various kinds of retirement plans. He started the career working on large multi-employer pension funds and Pennsylvania Public Pension Funds. Also has experience at a large pension consulting firm in New York doing FASB reporting and actuarial work. Fei is now focused on small and mid-sized pension plans. Fei is an Enrolled Actuary, associate of society of actuary, member of American society pension actuary. Fei is a graduate from Boston University with MA in Economics.

BINLU YU: Mr. Yu has worked in the pension field since 2006 and has been with CAI since 2009. He has experience working on FASB reporting prior to joining CAI. At CAI he specializes in the implementation and administration of sole proprietorships, partnerships and small LLC and corporate traditional Defined Benefit Plans and combined Defined Benefit/401(k) Profit Sharing Plans. Mr. Yu is a graduate from Georgia State University with M.S. in Actuarial Science.

BAOWEN ZHANG, EA, ASA, MAAA, MSPA:  Ms. Zhang has worked in the pension field since 2004. She is an Enrolled Actuary, Associate of the Society of Actuaries, Member of the American Academy of Actuaries, and Member of American Society of Pension Professionals & Actuaries. Her background in administering defined benefit plan ranges from small plans to very large plans maintained by Fortune 500 companies. Ms. Zhang’s main area of expertise at CAI is in combined Cash Balance/Profit Sharing plan design and administration. She earned a Bachelor of Arts from Jinan University, Guangzhou, China and a Master of Science in Statistics.



330 Passaic Avenue, Suite 100, Fairfield, NJ 07004-2009  ·  phone: (973) 575-1100  ·  fax: (973) 575-1511