IRS Announces Cost of Living Adjustments (COLA)
The IRS announced cost of living adjustments (COLA) for 2018. This affects donation limits for pension plans and retirement-related items for tax year 2018.
Nov 13, 2017
Recently, the Internal Revenue Service announced the cost of living adjustments (COLA) for 2018. This affects deferral and contribution limits for defined contribution plans and other retirement and benefit-plan related items...
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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...
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Great News for Small Group Employers
21st Century Cures Act amends ACA to exclude QSEHRA's, plan from requirements preventing HRAs from reimbursing individual insurance premiums.
Feb 22, 2017
By Scott Wold, Hitesman & Wold, P.A. with interpretation by David Ritchie, Vice President of VEBA Sales, BPAS VEBA & HRA/HSA Services As you’re likely already aware, the Affordable Care Act...
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New HRA Integration Rules
New rules governing HRA plans will have a big effect on notional HRA and VEBA/HRA plans.
Nov 07, 2016
As we head into the 2017 open enrollment season, it’s important to be aware of regulatory changes that could impact employer decisions on which group health and welfare packages are best...
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Busy Day for the Regulatory Agencies
Department of Labor and IRS post Conflict of Interest Regulations and other important updates.
Oct 28, 2016
On October 27, 2016 we received important updates from both the Department of Labor and the IRS. From the Department of Labor The Department of Labor, more specifically, the Employee Benefit...
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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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How Do You Spell Relief? Closed Defined Benefit Plans Say “I.R.S.”- Others Are Not in That Classification
New Rule Changes for Nondiscrimination Testing may affect profit sharing, cash balance and corporate QSERP arrangements.
Feb 09, 2016
New Rule Changes for Nondiscrimination Testing The IRS recently issued some proposed rule changes with respect to coverage and nondiscrimination testing for qualified plans. This included permanent relief with respect to...
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PBGC Solvency Projections Improve
The Pension Benefit Guarantee Corporation (PBGC), the government agency that insures private-sector defined benefit pension plans, just released its 2014 Projections Report.
Oct 19, 2015
The Pension Benefit Guarantee Corporation (PBGC), the government agency that insures private-sector defined benefit pension plans, just released its 2014 Projections Report. Each year the PBGC runs thousands of projection simulations...
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...
Read moreIRS Issues Final Hybrid Plan Regulations Very “Interest”–ing
The IRS recently issued final regulations for hybrid plans, the primary focus of which is the “market rate of return” requirement for crediting interest.
Oct 14, 2014
The IRS recently issued (9/19) final regulations for hybrid plans – cash balance plans for purposes of our discussion – the primary focus of which is the “market rate of return”...
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