Enrolled Actuary Information
What is an Enrolled Actuary?An Enrolled Actuary is any individual who has satisfied the standards and qualifications as set forth in the regulations of the Joint Board for the Enrollment of Actuaries as ,amended, and who has been approved by the Joint Board to perform actuarial services required under the Employee Retirement Income Security Act of 1974 (ERISA).
How to Become an Enrolled Actuary
A candidate for enrollment must fulfill certain knowledge and experience requirements, which are set forth in the Joint Board Regulations.
In addition, a candidate must submit a completed Form 5434 (Application for Enrollment) and an application fee of $250.00.
Administration of the Enrolled Actuary Program
The Joint Board, which was established pursuant to section 3041 of ERISA, is responsible for the enrollment of individuals who wish to perform actuarial services under ERISA. The Joint Board is composed of five members, three appointed by the Secretary of the Treasury and two appointed by the Secretary of Labor. In addition, the Pension Benefit Guaranty Corporation has one representative with no voting power.
The Executive Director of the Joint Board for the Enrollment of Actuaries is responsible for administering the Enrolled Actuary program and conducting disciplinary proceedings.
Regulations Governing Enrolled Actuaries
Enrolled Actuaries are subject to the Joint Board Regulations and Treasury Department Circular Number 230.
- View the Joint Board Regulations.
- VIew Amendments to the Joint Board Regulations
- View the Corrections to Amendments
- View Treasury Department Circular 230.
Enrolled Actuary - Frequently Asked Questions
Standards of Practice for Tax Professionals
OPR At-a-Glance
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