Prime Pensions, Inc. is owned by Scott M. Feit, CPC, CPA and Mikel R. Uchitel, F.S.A. who are involved in the daily operations of servicing clients. Our staff is extremely well educated and versed in pension law and compliance issues. Prime has several actuaries on staff. All of our actuaries have been involved in the design and administration of qualified pension plans for 10 to 40+ years.
Our clients, and their advisors (accountants, attorneys and investment professionals), are encouraged to contact us with any input or questions without any additional fees. Prime clients can expect timely responses to any questions. Our staff is extremely well-educated in pension law and compliance issues.
Ongoing education is required to keep abreast of frequently changing complicated pension laws and regulations. Our clients receive completely unbiased advice from a team of professionals because the Firm does not sell any products which could cause a conflict of interest.
Our fees are based upon the type of Plan and the number of Plan participants, and are completely independent from the level of Plan assets. We don't charge time based on client questions or feedback. We work for you, but we also work with you.
Scott Feit, a Principal of Prime Pensions, Inc., has many years of experience as a pension consultant, designing, implementing and administering thousands of corporate retirement plans.
Scott is a member of the American Society of Pension Professionals & Actuaries (ASPPA), he is a Certified Pension Consultant (CPC), Qualified Pension Administrator (QPA) and a Qualified 401(k) Administrator (QKA).
Scott is also an Enrolled Retirement Plan Agent (ERPA). As an Enrolled Retirement Plan Agent, Scott is allowed to represent companies before the Internal Revenue Service on retirement plan matters.
Scott has written and published an article for the New York State Society of CPAs, “Should a 401(k) Plan Be a Safe Harbor 401(k) Plan?” (The CPA Journal) – Google “Scott M. Feit” for a copy of the article. Scott has lectured extensively on 401(k), profit sharing and pension plans. Some of his lectures/seminars included:
Mikel, a Principal of Prime Pensions, Inc., designs and oversees the administration of all types of pension and profit sharing plans. He is a 1967 Magna Cum Laude graduate of the Wharton School of Finance and Commerce of the University of Pennsylvania, with an Actuarial Science major.
He achieved the Fellowship designation of the Society of Actuaries in 1975 and is also a Member of the American Academy of Actuaries and the American Society of Pension Professionals and Actuaries, as well as an Enrolled Actuary, licensed by the Joint Board of the Department of Treasury & Department of Labor to certify Defined Benefit Plan funding.
He has been actively involved in the Qualified Plan arena since 1968 and has worked on thousands of Plans in his career.
In his spare time, he enjoys participating and watching sports, and especially treasures all the time he spends with his wife, 2 daughters and their husbands and the 7 grandkids who bring him so much laughter and happiness.
Ellen is the Office Manager at the company and has been with them since 1980. She is responsible for handling Accounts Receivable, payroll, and keeping Prime’s client management system up to date. Originally from the Weequahic section of Newark, Ellen currently resides in Morris County, has 2 children and 4 grandchildren. Outside of work, she likes time spent with family and friends, the beach, travel, knitting, and the game of Mah Jongg.
Phil graduated from Caltech in 1993 with a dual major in Mathematics and Economics and joined the company in 1994. He became an Enrolled Actuary in 1997 and is a Member of The American Society of Pension Professionals and Actuaries. In his free time, Phil enjoys board games and playing the guitar.
Justin has been employed with the company since 2000. He is educated and versed in both pension law and compliance matters. He specializes in retirement plan design and administration including non-discrimination testing, plan document composition and government form preparation. Justin graduated cum laude from Millersville University with a Bachelor of Science degree in physics and a minor in mathematics. He is a proud husband and father of two children and enjoys family time outdoors. Justin is also a hockey enthusiast and enjoys drawing, music and sports.
Katie has been employed with the Company since 2000. She graduated from Caldwell College with a Bachelor of Science Degree in Accounting and is in the process of completing her Masters in Accounting. Katie is the proud mother of three children and presently resides in Essex County. Katie loves hiking and enjoys being at the beach.
Tim graduated from Stockton College with a Bachelor of Science Degree in Mathematics and has been employed with the company since 2001. He is well versed in all aspects of pension law and compliance issues. Tim received ASPPA’s Retirement Fundamentals certificate and is actively participating in ASPPA’s credentialing program. Tim likes spending his spare time outdoors.
Marie, who is originally from Syracuse, NY, graduated from Seton Hall University with high honors in May of 2005. She has been employed with the company since October, 2005, and specializes in 401(k) non-discrimination testing and preparation of IRS government forms. In her spare time, Marie enjoys running and going to the beach.
Paul has been with the company since 2005. He has worked in the benefits field with clients of all sizes since 1989, and is an Associate of the Society of Actuaries. He earned a Bachelor of Engineering degree in Chemical Engineering from The Cooper Union and a Master of Science in Business Administration degree from East Texas St. University, and briefly worked as an engineer before discovering his true calling as an actuary. Paul is the father of two and, outside of the office, enjoys hiking and running.
Paul graduated from Rutgers University in 1980 with a Mathematics degree. He worked for Prime Pensions from 2009 to 2018.
Gia has been employed by the company as Administrative Assistant since 2010. She attended County College of Morris and received an Associate’s Degree in Business Administration. Gia and her two daughters reside in Morris County. She enjoys time spent at the beach..
Kyle graduated from Rutgers University with a dual major in Mathematics and Economics and has been employed with the company since 2014. He is currently working to fulfill the requirements of becoming an Enrolled Actuary. Outside of the office, he enjoys spending time outdoors.
MaryLou graduated from Seton Hall University with a Bachelor of Science Degree in Business Administration with a concentration in Finance. MaryLou lives in Livingston with her husband and three children. In her spare time, she enjoys going to her children’s sporting events and going to the beach. She has been with Prime since 2014.
Michelle has been employed with the company since June, 2015. She graduated Cum Laude from Fairleigh Dickinson University with a degree in Mathematics, a specialization in Actuarial Science, and a minor in Business Administration. In her spare time, Michelle enjoys spending time at the beach.
Mary has been working at Prime Pensions since 2015. Mary lives in Livingston with her husband and two children. In her spare time, she likes to be at the beach with her family.
Stephen graduated from Fairleigh Dickinson University with a degree in Mathematics, a concentration in Actuarial Science, and a minor in Computer Science. In his spare time he enjoys playing sports and hiking.
Andrew graduated Summa Cum Laude from Fairleigh Dickinson University with a Bachelor’s Degree in Mathematics and Computer Science. He has been working full time with the company since January 2017. Besides pursuing his actuarial credentials, Andrew also enjoys learning new board games and watching TV on weekends.
Sam graduated from the University of Rochester with degrees in physics and economics. He has been employed with the company since 2016. In his spare time he enjoys reading and board games.
Roy, who is from Springfield, NJ, graduated from Fairleigh Dickinson University with a Bachelor’s degree in Mathematics, concentrated in actuarial science and finance. In his spare time he likes fishing and to take his dog, Regi, to the park.
Cailyn graduated from Fairleigh Dickinson University in 2015 with a Bachelor’s Degree in Mathematics with a concentration in Actuarial Science. Outside of the office, Cailyn loves to practice yoga and enjoys hiking as well as spending time outside.
Matt graduated from Montclair State University with a Bachelor’s Degree in Mathematics. He has been employed by the company since 2017. In his spare time, he enjoys playing the guitar, as well as playing baseball.
Michael graduated from the University of Pennsylvania in 2014, where he was an NCAA-ranked fencer, with a bachelor's degree in Economics and a minor in Mathematics. He has been with the company since August 2017. In his spare time, he enjoys adding to his record collection.
Cindy graduated from William Paterson University with degrees in Criminal Justice and Economics. She has been with the company since 2017. In her spare time she enjoys reading and spending time with her family.
Mark graduated from Ramapo College in 2018 with a Bachelor’s Degree in Economics. A former Cross Country/track runner at the college, he now enjoys to work out, ski, and go to the beach.
Kristin graduated from York College of Pennsylvania in 2018 with a Bachelor’s Degree in Mathematics and a concentration in Actuarial Science. In her spare time, Kristin enjoys hanging out with family and traveling.
Dan graduated from Fairleigh Dickinson University with a degree in Mathematics, a concentration in Actuarial Science, and a minor in Business Administration. He joined the Company in 2018. In his spare time, he will volunteer as a lacrosse coach and he also enjoys playing golf.
Dave joined the company in September 2018 with over 20 years of experience in administering DC plans. Dave graduated Magna Cum Laude from Bryant University with a Business Administration degree with a concentration in Applied Actuarial Mathematics. Dave is the former Head Bowling Coach for the nationally ranked William Paterson Bowling Team winning Coach of the Year honors in 2008. Dave lives in Mahwah, NJ with his wife and 4 year old son.
Stuart graduated from the State University of New York at Oneonta with a Business-Economics degree. He lives in Short Hills, New Jersey with his wife and daughter. In his spare time he enjoys traveling, photography and yoga.
Carol has a BA in Economics and Business from Beloit College. In her spare time she enjoys reading, listening to music, yoga and knitting.