Below is part two of our five-part blog series on the Act. Read part one here. Be sure to bookmark www.bpas.com/blog! The SECURE 2.0 Act of 2022 (the Act) was signed...
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The SECURE Act 2.0: What You Need to Know
Jan 19, 2023
The SECURE 2.0 Act of 2022 (the Act) was signed into law by President Biden on December 29, 2022 as part of the Consolidated Appropriations Act of 2023. The bipartisan legislation...
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Fiduciary Rule Delay
May 15, 2017
As anybody reading this should be aware, the DOL has issued a delay of the applicability date of its Fiduciary Rule which was slated to take effect on April 10, 2017....
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The Wait is Almost Over!
IRS proposes new mortality tables for pension funding and lump sum payments.
Mar 07, 2017
In general, for purposes of calculating the present values in single-employer defined benefit pension plans for minimum funding requirements, PBGC premium payments and minimum lump sum amounts, plan sponsors must use...
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Proposed Regulations for Non-Hybrid Type Defined Benefit Plans
The IRS issued proposed regulations for non-hybrid type defined benefit plans.
Dec 13, 2016
The IRS issued proposed regulations for non-hybrid type defined benefit plans. In general, current regulations provide that a defined benefit plan must provide that the present value of an accrued benefit...
Read moreAnother Year, Another Mortality Improvement Scale
The Society of Actuaries released the 2016 mortality improvement scale and mortality tables for pension programs.
Oct 31, 2016
In October 2014, the Society of Actuaries (“SOA”) released the RP-2014 Mortality Tables and Mortality Improvement Scale MP-2014, establishing the new basis for mortality assumptions for pension programs. These new mortality...
Read moreClearing The Fog: A New Tool for Plan Sponsors
With new Department of Labor regulations, BPAS has created “Clearing the Fog” a new tool for plan sponsors to determine key issues related to their plan.
Aug 02, 2016
Revisiting Regulations Considering new Department of Labor fiduciary regulations taking effect in 2017, most retirement service providers are performing a comprehensive review of their business models and strategies, including their deliverables...
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Five Ways to Withdraw Your Retirement Savings Early – Part 4
Use Corrective Distributions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty.
Jun 14, 2016
Use Corrective Distributions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. Continuing in our series on exceptions to the 10% withdrawal penalty, we identify corrective...
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Early Withdrawal Penalty Exceptions Series – Part 3
Educate on age-based exceptions to 10% penalty on early distributions from accounts. Permissible withdrawals and Eligible Automatic Contribution Arrangements.
Apr 26, 2016
Early Withdrawal – Permissible Withdrawals Continuing in our series on exceptions to the 10% early withdrawal penalty, we identify permissible withdrawals as another exception. The Pension Protection Act of 2006 (PPA),...
Read moreFive Ways to Withdraw Your Retirement Savings Early – Part 3
Educate on age-based exceptions to 10% penalty on early distributions from accounts. Permissible withdrawals and Eligible Automatic Contribution Arrangements.
Apr 26, 2016
Use permissible withdrawal exemptions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. Continuing in our series on exceptions to the 10% early withdrawal penalty, we identify permissible...
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