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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The Empire’s Death Star is Destroyed
The Force (of Industry Leaders) saves small-business retirement plans as IRS withdraws controversial portion of proposed nondiscrimination testing regulations.
Apr 21, 2016
The Force (of Industry Leaders) saves small-business retirement plans as IRS withdraws controversial portion of proposed nondiscrimination testing regulations. A New Hope (For Small Business Owners) In a twist of irony,...
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Early Withdrawal Penalty Exceptions Series – Part 2
We educate consumers on the lesser known age based exceptions to the 10% penalty on early distributions from retirement accounts. Includes Age 59 ½, Public Sector Employees, Retirement and 1099 Reporting.
Apr 12, 2016
Early Withdrawal 10% Penalty Exception – Age With the second installment in our series outlining exceptions to the 10% withdrawal penalty, we will discuss how to avoid the early withdrawal penalty...
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