An actuary is only necessary when there is a dispute between contributions made and benefits expected to be received for a defined benefit plan.

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Quizplus · Accepted Answer

An actuary is not only necessary in case of a dispute, but also for designing and maintaining the funding, investments, and benefits structure of a defined benefit plan. Actuaries also play a role in risk management and predicting future liabilities.

An Actuary Is Only Necessary When There Is a Dispute