Pensions: Review & Preview
Nov 11, 2022
As we turn our clocks back, let’s take a minute to reflect. 2022 has been quite a year. Here are a few of the things we’ve seen: Aggressive interest-rate increases in...
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Form 5500 Schedule H – Accounting Changes Looming
Employee Benefit Plans that file Form 5500 Schedule H may find that changes in Accounting Standards will require additional efforts.
Nov 19, 2021
Employee Benefit Plans that file Form 5500 Schedule H may find that changes in Accounting Standards will require additional efforts to ensure that the audit process goes smoothly and that government...
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American Rescue Plan Act of 2021 Funding Relief for Single-Employer Pension Plans
ARPA 2021 provides funding relief for single-employer pension plans, related to interest rates used for minimum funding purposes.
Mar 17, 2021
Among many provisions in the American Rescue Plan Act (ARPA 2021) signed into law last week by President Biden, this legislation offers funding relief for single-employer defined benefit pension plans. ARPA...
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Tracking Down Your Missing Participants
IRS and DOL have increased efforts to ensure former employees receive proper notification about defined benefit eligibility and commencement.
Jan 25, 2021
Over the past several years, both the IRS and DOL have increased enforcement efforts to ensure former employees who are vested in benefits under one or more employer defined benefit plans...
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Budgeting Now for 2021 to Ease Plan Concerns
Sep 28, 2020
It may be that we are starting to notice dusk arriving earlier in Central New York or that we are just hoping to wrap up 2020 and start anew, but here...
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CARES Act 2020: Coronavirus Aid, Relief, and Economic Security Act Defined Benefit Plan Update
Apr 02, 2020
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). While the legislation applies to several retirement-related provisions, we’ll focus on two key...
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This year, we’ve seen a significant downward trend in interest rates. Although the Federal Reserve doesn’t anticipate another interest rate cut prior to year-end, the federal funds rate was reduced three...
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On Tuesday, October 3rd, the IRS issued Notice 2017-60 which set forth the mortality tables to be used in determining the minimum lump sum present value under IRC Section 417(e) for...
Read morePBGC Announces Proposed Rules on 4010 Filing
Read more about the new rules and regulations on 4010 Filing.
Jul 28, 2015
Yesterday, the Pension Benefit Guaranty Corporation issued Proposed Regulations which would seek to amend the PBGC 4010 filing requirements for potentially distressed single-employer plans. These new regulations would amend the current...
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