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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UPDATE: On April 24, 2020, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act into law. The new act provides an additional $310B in funding to the Paycheck Protection...
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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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Every sponsor of a traditional pension plan or a cash balance plan can be impacted by the effects of COVID-19. The impact of plan investment losses and decline in business revenue...
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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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Disclosure & Reasonableness of Actuarial Assumptions in DB and CB Plans
Actuarial equivalent means that the present value of the total amounts expected to be received under two different forms of payment are equal, based on mortality and interest assumptions specified under the pension plan.a plan is permitted to use alternative actuarial assumptions as long as they are reasonable.
Feb 19, 2019
A number of class-action lawsuits are currently testing actuarial equivalents in pension plans. This important issue may be resolved in the circuit courts or go all the way up to the...
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