Ladd E. Preppernau
FSA, EA, MAAA
Principal & Consulting Actuary
Portland, OR, US
Ladd Preppernau is a principal and consulting actuary in the Portland, Oregon, office of Milliman. He joined the firm in 1999.
Experience
Ladd works solely with multiemployer plans serving as consulting actuary. He assists clients with all aspects of pension plan management, including actuarial valuations, funding projections, plan design, experience studies, funding strategies, legislative impact studies, plan administration, and participant communications. Ladd currently serves as the national chair of Milliman’s multiemployer strategic practice group.
Some of his recent projects include:
- Development and implementation of alternative plan designs
- Development and implementation of funding and benefits policies
- Development and monitoring of rehabilitation and funding improvement plans
- Application for benefit suspension under the Multiemployer Pension Reform Act of 2014
- Application for special financial assistance under the American Rescue Plan Act of 2021
- Withdrawal liability procedures and determinations consulting
- Risk analysis for multiemployer pension plans, including stochastic projections
- Multiemployer plan merger analysis
- Legislative change modeling
Publications and Presentations
Ladd is a frequent speaker at professional employee benefit meetings on issues affecting multiemployer pension plans, including the annual conference of the International Foundation of Employee Benefit Plans. Recent topics have included withdrawal liability, alternative plan design, and the impact of maturity on pension plan risk.
Recent Publications
Professional Designations
- Fellow, Society of Actuaries
- Enrolled Actuary under ERISA
- Member, American Academy of Actuaries
Education
- BS, Mathematics, Central Washington University
Publications
Read their latest work
Article
Understanding the multiemployer pension crisis
30 April 2020 - by Ladd E. Preppernau, Grant Camp
A strong understanding of the historical regulatory perspective can serve to inform the discussion on future regulatory changes designed to improve the long-term health of multiemployer pension plans.
Article
Multiemployer pension crisis: Just the facts, please
30 April 2020 - by Ladd E. Preppernau
Retirement planning is a long-term undertaking, and the consequences of rules and actions may not be known until years, or even decades, after they are implemented.
Article
Multiemployer Alert: Can multiemployer pension plans survive COVID-19?
23 March 2020 - by Ladd E. Preppernau, Carrie Vaughn
On the heels of the dot-com bust from 2000-2002 and the global financial crisis in 2008, can multiemployer plans survive a third “once-in-a-lifetime” event?
Article
Multiemployer Pension Funding Study: Fall 2019
17 October 2019 - by Rex Barker, Kevin Campe, Tim Connor, Stuart Kliternick, Nina Lantz, Ladd E. Preppernau, Joel Stewart
The Fall 2019 Multiemployer Pension Funding Study updates the estimated funded status of U.S. multiemployer plans as of June 30, 2019, showing the change in funding levels from December 31, 2018.
Article
Multiemployer Pension Funding Study: Spring 2019
21 May 2019 - by Rex Barker, Kevin Campe, Tim Connor, Stuart Kliternick, Nina Lantz, Ladd E. Preppernau, Joel Stewart
The Spring 2019 Multiemployer Pension Funding Study reports on the estimated funding status of all U.S. multiemployer plans as of December 31, 2018.
Article
Multiemployer Pension Funding Study: Fall 2017
20 October 2017 - by Rex Barker, Robert A. Behar, Kevin Campe, Tim Connor, Nina Lantz, Ladd E. Preppernau
This study updates the estimated funded status of all U.S. multiemployer plans as of June 30, 2017, showing the change in funding levels from December 31, 2016.
Article
Alternative pension strategies: Tackling the challenges of traditional plan designs
26 July 2017 - by Kelly Coffing, Ladd E. Preppernau
Pension plan trustees are looking for more robust retirement solutions for the future to avoid the struggles many traditional pension plans have faced.
Article
Multiemployer Pension Funding Study: Spring 2017
08 May 2017 - by Rex Barker, Robert A. Behar, Kevin Campe, Tim Connor, Ladd E. Preppernau, Richard A. Wright
This study reports on the estimated funded status of all U.S. multiemployer plans as of December 31, 2016, and shows the change in funding levels from June 30, 2016.
Article
Multiemployer Pension Funding Study: Fall 2016
11 November 2016 - by Rex Barker, Robert A. Behar, Kevin Campe, Ladd E. Preppernau, Richard A. Wright
This study reports on the estimated funded status of all U.S. multiemployer plans as of June 30, 2016, and shows the change in funding levels from December 31, 2015.
Article
Multiemployer Pension Funding Study: Spring 2016
18 April 2016 - by Rex Barker, Robert A. Behar, Kevin Campe, Ladd E. Preppernau, Richard A. Wright
This study reports on the estimated funded status of all U.S. multiemployer plans as of December 31, 2015, and shows the change in funding levels from June 30, 2015.