About Us
CavMac is a limited liability company organized in Georgia on June 7, 2005. We are a wholly independent, privately held firm with five Principals. CavMac has no formal affiliations or joint ventures with any other firm.
CavMac maintains two offices; our headquarters is located in Kennesaw, Georgia (Atlanta metro area) and has approximately 20 employees, including the CEO and both Presidents and our other office is located in Bellevue, Nebraska (Omaha metro area) and has approximately 10 employees, including the Chief Actuary.
Additionally, CavMac has approximately ten professionals working remotely in seven states; Illinois, Pennsylvania, Florida, Missouri, Texas, Virginia and Connecticut. This is a practice we started even before the pandemic.
CavMac has been performing actuarial consulting services for Defined Benefit Pension Funds and Retiree Healthcare Plans in the public sector since 2005. However, many of our principals and senior actuaries have been performing these services for nearly 30 years or more. Many came to CavMac from large, national firms that were not committed to serving the public sector actuarial market.
Tom Cavanaugh and Ed Macdonald were instrumental in the foundation of CavMac and helped build our firm into one of the leading public sector actuarial consulting firms in the country. As our mission statement reads, CavMac was founded to offer state and local governments the experience and dedication they deserve in retaining actuarial consulting services for their employee pension and benefit plans. Five Principals of the firm continue the legacy that Tom and Ed started at CavMac, providing innovative, creative and technically proficient advice to help benefit plans thrive in the future. All five Principals average over 30 years of experience providing actuarial services. The five Principals are:
Our Principals and senior consultants participate in the national organizations serving public plans in the United States, including the National Association of State Retirement Administrators (NASRA), the National Council on Teacher Retirement (NCTR), the International Foundation of Employee Benefits Plan (IFEBP), the National Conference on Public Employee Retirement Systems (NCPERS), the National Institute on Retirement Security (NIRS), and the Public Sector Healthcare Roundtable. We work with the staff members of these organizations to identify items of interest for conferences and for our clients.
A list of CavMac’s extensive involvement in organizations that support public sector retirement systems is provided below:
Our involvement in these organizations keeps us “plugged in” to relevant topics and developments for public plans. Items of interest are discussed among our consulting actuaries at internal meetings to assess relevance to our clients. Lead consultants are then responsible for discussing relevant issues with individual clients. In certain cases, we will address topics in correspondence that is tailored to each client.
An organizational chart of the company is provided below:
Because CavMac works exclusively for public sector clients, all our resources specifically address the needs of public plans. Furthermore, our consultants have extensive experience working with public retirement systems, in general, and in performing the full range of actuarial services. One of the reasons our consultants came to work for CavMac is because we are a firm that allows them to be public plan actuaries. This is our passion, and we strongly believe that our ability to be part of a firm that only performs public plan actuarial work allows us to serve our clients more efficiently than we could within the constraints of more traditional actuarial consulting firms. Ultimately, it is our clients who benefit from this model, and we believe you would benefit from being served by CavMac as well.
