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Testimonials |
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"With our city's need to
implement GASB45, we contracted with Hanf Actuarial to complete the
study for us. Duane was chosen not only for his massive experience in
the actuarial world, but also from great recommendations from other
municipal clients of his. Even after receiving quotes from other
actuarial firms, Hanf Actuarial Inc. came in at the lowest cost, and
with the highest recommendation. Duane created a list of items he needed
to complete the study, and once he had the items from us, it was only a
matter of a few weeks before the final product was complete. |
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During this time we had a few
conversations with Duane for clarification purposes, but during those
discussions we came to appreciate his knowledge of the GASB and our
specific insurance plan. We look forward to working with Hanf Actuarial
Inc. in the future for further analysis and calculations as required by
the GASB"
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Director of Administrative Services for Minnesota City |
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“As a union print shop, Duane had to work
closely with both management and the union to help us agree on
retirement medical benefits. I am also a trustee for the health and
welfare and knew Duane from that. His work and report on the FAS#106
calculations was given to us at a reasonable cost and with quick
turnaround.
He communicated very well with both management
and the union, and he was able to diplomatically go between and satisfy
both. This trust work is difficult and Duane was able to
communicate his reason for certain decisions clearly to us.”
– VP, HR for union print
shop “As the president of our fire department’s
relief association, we worked with Duane for biannual actuarial work
required by state law. He also provided us various scenarios relative
to rate increases, and we’ve been pleased with all his work.”
– Firefighter/association
president |
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“For
more than five years, we’ve depended on Duane Hanf to provide us clear,
understandable information relative to the calculation of retire medical
obligations for employer health and welfare plans as required by FAS-#106.
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addition to the quality work he does, our No. 1 reason for using Duane
is that he makes it easy, reminding us we have to do our census,
changes, assumptions, etc. We’re always happy with the results he
provides in a timely manner.
– CFO, local insurance company |
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“When
our company needed calculation of retiree medical obligations as
required by SOP92-6, Duane Hanf was referred by another actuary because
of Duane’s extensive knowledge in this specific area.
“For
more than four years, Duane has done an excellent job of explaining very
complicated calculations and analysis, making it easy for those less
knowledgeable to understand. He clearly explains what information
needs to be collected and helps us create our reports, even when some
information is not readily available. Additionally, his reports are
always on time, and in budget!”
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President/Owner of third-party administrator
for multi-employer plan |
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“Duane Hanf’s service and quality of work has been excellent. Our
projects have involved actuarially calculated pension and retiree health
benefit liabilities and related values required to be reported on the
basis of Generally Accepted Accounting Principles. These reports have
been fully recognized and accepted by our auditors, Ernst and Young.
Duane has also done special comparative pension funding study to measure
the impact of the latest pension laws.”
– VP Finance of Treasurer of insurance
holding company |
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Duane Hanf’s
Johnson & Higgins/Ernst & Young Clients |
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“The
actuarial work you did was instrumental in helping us design a plan that
was acceptable to both our shareholder constituents and our employees.
Thousands of our employees and retirees will benefit form the services
you provided us.”
– VP, Fortune 100 Corporation |
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“The
assistance you have provided our corporation has been invaluable. This
has included annual valuations, benefits statements, plan design
considerations, communications, acquisition and divestiture activity
plus special projects, too numerous to detail.”
– Corporate Manager, Employee Benefits |
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“I was
pleased how you brought me, a layman, up to speed to understand the
important issues involved. You also introduced a number of ideas that
saved us money while we were going through a series of acquisitions and
divestitures. You effectively handled 1) Annual actuary valuations, 2)
Asset/liability projections, 3) Divestitures involving ERISA plan
assets, and 4) Consolidations involving ERISA plan assets.”
– Treasurer and CFO, major corporation |
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“You
guided us through various activities and always maintained the highest
level of professionalism, even when responding to numerous last-minute
requests. We’ve been through it all: acquisitions, divestitures,
mergers, spin offs, join ventures and asset allocations.”
– Manager, Benefits & Employee Relations |
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“Your
counsel on pension management matters has always been very helpful and
appreciated.”
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Personnel Director |
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“Duane,
you’ve handled all our actuarial services and annual evaluations for our
two pension plans for our 400 participants. You’ve always displayed a
high degree of professionalism and your projects reflect our company
objectives. Your information and costs were accurate and timely.
Crucial information needed during negotiations was provided immediately
to meet our time restraints.”
– Director of Personnel, packing company |
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