Michael S. Clark FCA MAAA FSA EA

Managing Director & Consulting Actuary, River and Mercantile

Contact Information

River and Mercantile
8871 Ridgeline Blvd
Suite 110
Highlands Ranch, Co 80129
Michael Clark is a Managing Director and Consulting Actuary at River and Mercantile with 15 years of experience consulting on all types of corporate retirement plans from defined benefit pension plans to 401(k) plans. He specializes in liability management, investment strategies, strategic planning, and good governance and compliance. At River and Mercantile Mr. Clark heads up the firm’s operations in the west as well as business development for the US Solutions business in addition to his consultant and client management responsibilities. Michael has written numerous articles on issues surrounding retirement plans that have been published on River and Mercantile’s company website as well as Pensions & Investments, PLANSPONSOR.com, BenefitsPRO, Benefits Magazine, and Contingencies. He is also a frequent speaker at conferences addressing everything from pension plan de-risking to the impact of future mortality improvements on retirement programs. He is a Board Member of the Denver Chapter of the Western Pension & Benefits Council. He is a Fellow of the Conference of Consulting Actuaries, a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and an Enrolled Actuary. Michael graduated magna cum laude from Brigham Young University with a B.S. in Statistics (actuarial science emphasis). Michael serves as the President for the CCA (2019-2020) following a term as President-Elect and has served on the Board of Directors since 2016. He has participated on the Membership Committee (2010-2017), Annual Meeting Committee (since 2014), Strategic Planning Committee (since 2016), and as Chair of the Communications Committee (2015-2018).


CCA Member Since 2010

Corporate DB/DC Retiree Medical FAS106

General Management Investment Strategic Planning

Annual Meeting Program Committee
Annual Meeting Registration Task Force
Benefits - 401(k) Investments Committee
Benefits Committee
Board of Directors
Budget and Finance Committee
Bylaws Review Task Force
CCA Enrolled Actuaries Conference Program Committee
Communications Committee
Communities Committee
Compensation Committee
Continuing Education Committee
Council of Committees
E and O Insurance Program Oversight
Engagement & Volunteerism Committee
Exam Prep Task Force
Healthcare Meeting Program Committee
Joint Program Committee for the Enrolled Actuaries Meeting
Membership Committee
Nominating Committee
Professionalism Committee
Public Plans Community Steering Committee
Rebranding Task Force
Revenue Task Force
Strategic Plan Task Force
Strategic Planning Committee
Task Force on Diversity, Equity, and Inclusion
Webinar Committee
Website Rebuild Task Force
Welcome Committee for New Members
Wynn Kent Public Communication Award Committee

3-D-1 - Ethics 2021 Enrolled Actuaries Conference (May 07, 2021)

3-A-4 - De-risking - Lessons Learned, New Ideas on the Horizon 2021 Enrolled Actuaries Conference (May 07, 2021)

1-D-4 - Investment Strategies - Looking Backward to Move Forward 2021 Enrolled Actuaries Conference (May 03, 2021)

ASOPs – Refresher and Recent Updates ASOPs – Refresher and Recent Updates Webinar (December 02, 2020)

Closing Presidential Remarks and Emerging Leaders Community Forum with Brent Walder 2020 CCA Virtual Annual Meeting (October 28, 2020)

Social Security - What You Need to Know 2020 CCA Virtual Annual Meeting (October 28, 2020)

The Masked EA: America's Got EA Talent 2020 CCA Virtual Annual Meeting (October 26, 2020)

An Aging Workforce: Cost vs Value 2020 CCA Virtual Annual Meeting (October 21, 2020)

Business Session With Keynote Speaker Dr. Tasha Eurich 2020 CCA Virtual Annual Meeting (October 19, 2020)

De-risking Trends in Private and Public-Sector Retirement Programs De-risking Trends in Private and Public-Sector Retirement Programs Audio/Webcast (December 05, 2018)

Preparation for a Successful Plan Termination 2018 CCA Annual Meeting (October 22, 2018)

An In-Depth Look at Annuity Purchases 2017 CCA Annual Meeting (October 24, 2017)

Plan Administration Compliance 2016 CCA Annual Meeting (October 26, 2016)

Keys to a Successful DC Program 2016 CCA Annual Meeting (October 26, 2016)

Working with the PBGC: Current Issues 2015 CCA Annual Meeting (October 28, 2015)

Not-for-Profit Retirement Plans 2015 CCA Annual Meeting (October 27, 2015)

Pension De-Risking: New Frontiers 2015 CCA Annual Meeting (October 27, 2015)

Fiduciary Responsibility - Dealing With the Threes: 3 (16), 3 (21), 3 (38) 2015 CCA Annual Meeting (October 26, 2015)

Alternative Derisking Through Plan Design 2014 CCA Annual Meeting (October 22, 2014)

US Pension Investments in Non-US Securities 2013 CCA Annual Meeting (October 23, 2013)

Hybrid Plan Rules & Market Rate of Return 2013 CCA Annual Meeting (October 22, 2013)


The Conference of Consulting Actuaries (CCA) serves only as a clearinghouse for providing a list of its members and their specific areas of practice. The information appearing with each members name regarding their practice areas was furnished by the member and has not been independently verified in any way by the CCA. Neither the CCA nor its officers, members, or staff make any warranties or representations as to the professional competency of these individuals. Each person who is considering the use of the services of an actuary listed is advised to make an independent judgment regarding their choice of persons whose services they wish to utilize.