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The Company is owned by a Certified Pension Consultant,
Scott M. Feit,
and two Enrolled Actuaries, Mark Shemtob, A.S.A. and
Mikel R. Uchitel,
F.S.A. who are involved in the daily operations of servicing clients.
Our staff is extremely well educated and versed in pension law and
compliance issues. Abar has several actuaries on staff. All of our
actuaries have been involved in the design and administration of
qualified pension plans for 10 to 40+ years.
Abar Pension Services, Inc. is located in Florham Park, NJ but
services clients throughout the country. Abar provides administration
services to approximately 1,000 clients.
Our clients receive completely unbiased advice from a team of
professionals because the Firm does not sell any products which could
cause a conflict of interest. Our fees are based upon the type of Plan
and the number of Plan participants, and are completely independent
from the level of Plan assets.
Our clients, and their advisors (accountants, attorneys and
investment professionals), are encouraged to contact us with any input
and questions without concern of incurring any additional fees.
Each client has a direct contact with an experienced pension
administrator, as well as direct access to a Principal who supervises
all aspects of each Plan. Abar clients can expect timely and accurate
responses to any questions.
Principals and Actuaries
Scott M. Feit, CPC, CPA, QPA, QKA
Scott, a Principal of Abar Pension Services, Inc., has many years
of experience as a pension consultant, designing, implementing and
administering thousands of corporate retirement plans. Scott has
written and published an article for the New York State Society of
CPAs, "Should a 401(k) Plan Be a Safe Harbor 401(k) Plan?" (The CPA
Journal) – google "Scott M. Feit" for a copy of the article. Scott has
lectured extensively on 401(k), profit sharing and pension plans. Some
of his lectures/seminars included:
"Retirement Plans" for over 100 members of the New Jersey State
Society of Certified Public Accountants. This seminar included a 59
page presentation, written by Scott, on 401(k)s, Roth contributions,
profit sharing allocations, vesting, testing issues and tax
deductions.
"ROTH 401(k)" to employees of some large investment firms.
At the request of many large investment firms, Scott has conducted
seminars educating the advisors and brokers so they will be in a
position to provide superior retirement plan designs to their clients.
Scott teaches occasionally a 3 hour course he created called
"401(k) Plans: What You Need to Know!" at the Professional School of
Business in Millburn, NJ.
Mark Shemtob, A.S.A.
Mark, a Principal of Abar Pension Services, Inc. and an enrolled
actuary, has over 30 years as an independent, consulting actuary. Mark
has been an Associate of the Society of Actuaries since 1981, a member
of the American Academy of Actuaries since 1982 and has been a member
of the American Society of Pension Professionals and Actuaries since
1987.
Mark has published articles covering topics including Social
Security, qualified retirement plan trends and retirement security
policy. In addition Mark serves as an adjunct professor at Rutgers
University Business School where he teaches a course in the Finance
Department on retirement programs. Mark is currently serving on the
American Academy of Actuaries Social Insurance Committee and
periodically lectures to accountants and attorneys on qualified
retirement plan topics.
Mikel R. Uchitel, F.S.A.
Mikel, the founding Principal, designs and oversees the
administration of all types of pension and profit sharing plans. He is
a 1967 Magna Cum Laude graduate of the Wharton School of Finance and
Commerce of the University of Pennsylvania, with an Actuarial Science
major. He achieved the Fellowship designation of the Society of
Actuaries in 1975 and is also a Member of the American Academy of
Actuaries and the American Society of Pension Professionals and
Actuaries, as well as an Enrolled Actuary, licensed by the Joint Board
of the Department of Treasury & Department of Labor to certify Defined
Benefit Plan funding. He has been actively involved in the Qualified
Plan arena since 1968 and has worked on thousands of Plans in his
career.
Other Actuaries at Abar:
Philip Cofield
Paul Ferlazzo
Paul Coleman |
