🎉 Celebrating 25 Years of Odyssey Advisors 🎉 Time to break out the confetti and reminisce with us! We can hardly believe it's been 25 years since Parker Elmore founded Odyssey Advisors. In honor of this momentous month, our team put together this video to celebrate the epic double milestone and share the immense gratitude we all have for this remarkable company and Parker. To our clients and the financial advisors, auditors, and accountants who have chosen to partner with us over the years, thank you. We're extremely lucky to have such an incredible network of supporters! Join us in raising a glass to the last 25 years of adventure, hard work, and incredible memories. Here's to many more exciting years ahead! #OdysseyAnniversary #25YearsStrong #ThankYou #WorkAnniversary #OPEB #RetirementPlanning Francis Fraine Kurtis Thompson ASA, MAAA Samantha Schneider Luke Matchett Caleb White Andrew Taggart, ASA, EA, ACA, MAAA Kirby Elmore Prigioni Stephanie Irvin, MBA
Odyssey Advisors
Business Consulting and Services
Colchester, CT 170 followers
OPEB, Pensions and 401k, oh my!
About us
Previously Primoris, Odyssey will continue to provide the same quality service, expertise, and efficiency brought to you since 1998. Be risk and worry-free. With a reputable and trusted staff, you can count on Odyssey. We are your partners in the retirement planning process, providing efficient and exceptional service to help you make the best financial decisions. Odyssey offers a wide range of management and employee benefit consulting services including: -Complete Actuarial Services -Defined Benefit (Pension) Plans including Cash Balance -Defined Contribution (401k) Plans -OPEB GASB 74/75 & ASC 715-60 Consulting -Form 5500 Preparation -Health & Welfare brokerage including medical, dental & life insurance -Plan termination services including annuity search & purchase -Executive Compensation (SERPs) With over 30 years of industry experience, President and CEO Parker Elmore leads a staff dedicated to quality service, expertise, and efficiency.
- Website
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https://www.odysseyadvisors.com
External link for Odyssey Advisors
- Industry
- Business Consulting and Services
- Company size
- 11-50 employees
- Headquarters
- Colchester, CT
- Type
- Privately Held
- Founded
- 1998
- Specialties
- OPEB, Pension, 401k, GASB 75, Retiree Medical, and Cash Balance
Locations
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Primary
11 Hayward Avenue
Building 4
Colchester, CT 06415-1285, US
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1350 E Flamingo Rd
Suite 254
Las Vegas, NV 89119, US
Employees at Odyssey Advisors
Updates
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As the year wraps up, we’re reflecting on the saying, “Gratitude is the gift that never goes out of style—give it freely and often!” In that spirit, we're sending our heartfelt thanks for your trust and support over the past 26 years. This holiday season, we hope your days are filled with joy, laughter, and all the good things life has to offer. As a heads up, we’ll be offline on Christmas and New Year’s Day, likely sipping cocoa and binge-watching holiday classics with loved ones. From all of us here at Odyssey Advisors, cheers to a magical holiday season and a bright 2025! Parker Elmore Kurtis Thompson ASA, MAAA Caleb White Kirby Elmore Prigioni Luke Matchett Stephanie Irvin, MBA Andrew Taggart, ASA, EA, FCA, MAAA Samantha Schneider Francis Fraine #HappyHolidays #ThankYou #NewYearCheers
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🚨 Attention Municipal Auditors! 🚨 Who knew actuarial work would be part of your auditing gig, right? In our latest Ask an Actuary episode, Stephanie Irvin, MBA chats with Kurtis Thompson ASA, MAAA, Consulting Actuary here at Odyssey Advisors, to break down: ✅ What census testing is and why it matters ✅ The "garbage in, garbage out" rule: why good data is crucial ✅ The top 5 areas auditors should focus on for accurate results If you’re an auditor wondering how to tackle actuarial evaluations with confidence, this one’s for you! Check out the link in the comments below to watch the full episode. And don't forget to subscribe to our channel so you never miss another one! #censustesting #GASB75 #OPEB #auditor
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There's good, there's great... and then there's 𝘛𝘩𝘦 𝘈𝘤𝘵𝘶𝘢𝘳𝘺. #financialgamechangers #actuary #GASB75 #401k #retirement #OPEB
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Do you own a business that sponsors a retirement plan? SECURE Act 2.0, which passed in late 2022, brings several provisions aimed at boosting retirement security for employees. Here's a quick look at what's coming: ✅ Larger Catch-Up Contributions for Employees Ages 60-63 In 2025, workers aged 60-63 can make catch-up contributions of up to $10,000 or 150% of the regular catch-up amount for those 50+, whichever is greater. ✅ Catch-Up Contributions Must Go Into Roth 401(k) for High Earners Starting in 2025, employees earning $145,000+ (indexed) in the prior year will be required to contribute catch-up amounts to a Roth 401(k). ✅ Automatic Enrollment in 401(k) and 403(b) Plans Beginning in 2025, businesses with new 401(k) and 403(b) plans will need to automatically enroll new employees at a contribution rate of 3% - 10% of their salary, with annual increases of 1% up to a max of 15%. ✅ Tracking Down Lost 401(k) Plans In 2025, employers must share information on orphaned retirement plans with the Department of Labor, making it easier for employees to track down lost accounts. For more information on these upcoming changes, check out the article in the comments. #SECUREAct #401k #retirementplanning
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Before you leave on your travels, fire up the stove, or start setting the table, we just want to take a moment to say thank you. Thank you... 🍁 To our incredible partners & clients 🍁 To our amazing colleagues & friends 🍁 To everyone who has supported and believed in us this year From all of us at Odyssey Advisors, we wish you a warm, joyful, and relaxing Thanksgiving! And here's hoping you remembered to thaw the turkey! #HappyThanksgiving
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We've been getting a lot of questions lately about something that can be a little tricky - the "implicit cost" tied to OPEB. Let's clear it up: What's This Implicit Subsidy Thing? In simple terms, everyone in your health plan - young or old - pays the same premium. But here's the twist: older folks usually have higher medical costs. So, your younger members end up covering a bit of the extra cost, helping pay for the retirees. This is what we call "implicit subsidy." How Does This Affect Your Numbers? These subsidies count as a liability when we're looking at OPEB and your municipality's valuation. Yep, it impacts your numbers, and we need to factor it in. Want to know more? We've got you covered. Check out the link in the comments below. #implicitsubsidy #OPEB #GASB75 #localgov
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If you're... ✔️ A small business owner with a steady, high cash flow ✔️ Looking to save over $50,000 for retirement per year ✔️ Looking to significantly reduce your tax burden ✔️ Getting close to retirement Then this might be for you. #financialplanning #cashbalanceplan #retirementplanning #definedbenefitplan
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Effective January 1, 2025: New IRS retirement limits are here! Highlights include: ✅ 401(k): Increased to $23,500 Catch-Up Contributions: ✅ 50+: $7,500 (Total: $31,000) ✅ 60-63: New tier with a $11,250 catch-up Now is a great time to review your retirement plan and take full advantage of the newest limits. For more information, check out the article linked below!
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Honoring all veterans for their courage, dedication, and sacrifice. This Veterans Day, we express our heartfelt gratitude to those who have served. Your dedication is a powerful reminder of what it means to serve selflessly. And a special shoutout to our own Stephanie Irvin, MBA, who served four years on active duty in the U.S. Navy and continues to serve in the Navy Reserves. Thank you, Stephanie, and to all veterans, for your service. #VeteransDay #HonoringOurHeroes #ThankYou