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Last post before retiring to my banana tree, where I will do whatever I see.: I've taken over tons of poor work that came off of some technically deficient valuation system prepared by an actuary who didn't exercise much care.. Sometimes, you can't even tell from the actuarial report what plan is being valued, the actuarial assumptions, or whether the data is reasonable. Who is the Ayatollah that determines whether or not an actuary's fees are high?