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RESIDUAL (AMERICAN COLLEGE TEST) Location NOC Testing Centers are located in the Vineyard LibraryAdministration Building at Tonalá, the Everest Administration Building at Enid. Purpose The Residual
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Act-residual refers to the residual actuarial gain or loss that occurs when the actual experience of a pension plan differs from the expected experience.
Employers or plan administrators who sponsor defined benefit pension plans are required to file act-residual.
Act-residual is typically filled out by actuaries using data provided by the plan sponsor. It involves analyzing the plan's actual experience and comparing it to the assumptions made in the prior valuation.
The purpose of act-residual is to assess the financial health of a pension plan and determine if any adjustments need to be made to funding or benefit calculations.
Act-residual reports typically include a summary of the plan's funded status, actuarial assumptions, actual experience, and recommendations for any necessary adjustments.
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