Parker Elmore

Current

President & CEO at Primoris Benefit Advisors, Inc.

Past

Sr. Vice President at USI Consulting Group
Consulting Actuary at Aetna Life Insurance Company

Education

Central Connecticut State University

Recommended

3 people have recommended Parker

Connections

34 connections

Industry

Financial Services

Websites

My Company

Parker Elmore’s Summary

Parker Elmore is the President & CEO of Primoris Benefit Advisors, Inc. and has over 20 years of employee benefit plan consulting experience to sponsors of both private and public plans.

Mr. Elmore is a Member of the American Academy of Actuaries, an Associate in the Society of Actuaries and is enrolled by the Joint Board for the Enrollment of Actuaries.

Mr. Elmore’s experience covers all aspects of qualified and non-qualified retirement plans and retiree welfare programs including the costing, funding and design of employee benefits. He also has an extensive background in the pension area including early retirement windows, nondiscrimination compliance and age-weighted profit sharing plans. In the retiree welfare benefit field, he has been working with corporate clients to manage and reduce those costs since the implementation of SFAS 106 in 1989. With the recent adoption of GASB 43 & GASB 45, those experiences will be quite valuable to the public sector community as they seek to learn from the experiences of the private sector.

Prior to founding Primoris Benefit Advisors, Inc., Mr. Elmore was employed at USI Consulting Group where he worked in their retiree welfare benefits practice prior to transitioning to becoming their defined contribution and executive compensation practice leader. In his retiree welfare benefits practice duties, he had a wide-range of responsibilities including the design, implementation, monitoring and administration of these programs for a wide variety of employers. While the upcoming implementation of GASB 43 & GASB 45 will differ somewhat from SFAS 106 due to the public nature of the entities as well as more likely funding scenarios, that experience will be valuable to such entities when discussing potential implementation strategies. The strategic issues will include pre-funding, generational taxpayer equity, cost-sharing, service minimums, age minimums, contractual flexibility and many other items.

Parker Elmore’s Specialties:

Defined Benefit Pension valuation & consulting, Defined Contribution design, compliance & testing, Retiree Medical valuation & consulting (FAS 106 & GASB 45) and Health Insurance design, brokerage & consulting

Parker Elmore’s Experience

President & CEO

Primoris Benefit Advisors, Inc.

(Privately Held; 1-10 employees; Financial Services industry)

September 1998 — Present (10 years 11 months)

Providing actuarial and insurance brokerage services to public & private clients across the United States. Services include traditional defined benefit plans, health & welfare consulting and GASB 43/45 ("retiree medical") valuations.
Sr. Vice President

USI Consulting Group

(Public Company; 1001-5000 employees; USIH; Financial Services industry)

July 1994 — September 1998 (4 years 3 months)
Consulting Actuary

Aetna Life Insurance Company

(Public Company; 5001-10,000 employees; AET; Financial Services industry)

September 1992 — June 1994 (1 year 10 months)

Valuation and consulting services for Fortune 1000 clients - primarily retiree welfare plans - FAS 106