Felix A. Okwaning FCA MAAA FSA EA

Managing Director - DC plan Design, Principal Financial Group

Contact Information
Principal Financial Group
51 Old Dairy Lane
Shelton, CT 06484
United States
Phone: 860-543-2726
Email: felix.okwaning@gmail.com
Felix Okwaning is a Managing Director in the Enhanced Plan Design Practice of Principal Financial Group and has over 20 years of experience working with sponsors of defined benefit, defined contribution and Non-Qualified Supplemental Executive Retirement Plans. He has extensive experience in plan design, nondiscrimination testing, and pension de-risking consulting. He works with a team of actuarial consultants tasked with providing custom design solutions within the Defined Benefit and Defined Contribution space. Felix has designed retirement programs for numerous plan sponsors. He has also helped redesign existing programs to better align outcomes with the sponsor's goals and objectives for their employees. He has helped design programs for sponsors in the auto, manufacturing, and utility industries, as well as professional service organizations. Prior to joining Prudential Retirement in 2008, Felix spent the first seven and a half years of his career consulting with clients in the Retirement and Financial Management Practice of Hewitt Associates. Felix has served on the Conference of Consulting Actuaries’ (CCA’s) Annual Meeting Program Committee since 2013. He has also served on the CCA’s Emerging Leaders Steering Committee as well as the Strategic Planning Committee. Felix graduated from the University of Redlands with dual Bachelor of Science degrees in Mathematics and Economics. He is a Fellow of the Society of Actuaries, an Enrolled Actuary, a member of the American Academy of Actuaries and a Fellow of the Conference of Consulting Actuaries.
CCA Member Since 2010
Corporate DB/DC Government DB/DC Nonprofit DC
Committee on Diversity, Equity, and Inclusion
Membership Committee
Annual Meeting Program Committee
Board of Directors
Charitable Giving Task Force
Communications Committee
Council of Committees
Engagement & Volunteerism Committee
Leadership Development Steering Committee
Strategic Planning Committee
Strategic Risks & Opportunities Task Force
Welcome Committee for New Members

Decumulation in DC Plans 2022 CCA Annual Meeting (October 19, 2022)

DC Plans/Lifetime Income/Financial Wellness 2021 CCA Annual Meeting (October 27, 2021)

DB-izing DC Plans 2020 CCA Virtual Annual Meeting (October 21, 2020)

State Run Plans vs. Open Multiple Employer Plans 2018 CCA Annual Meeting (October 22, 2018)

Innovations in DC Plans 2017 CCA Annual Meeting (October 25, 2017)

ASOPs Update for Consulting Actuaries 2015 CCA Annual Meeting (October 27, 2015)

Retiree Readiness – Tools to Employees / SS / Communications 2014 CCA Annual Meeting (October 22, 2014)

Assumptions for Auditors 2013 CCA Annual Meeting (October 23, 2013)

ASOPs 4, 6, and 27 (and 35) 2013 CCA Annual Meeting (October 22, 2013)