Retirement Plans
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Pension Financial Impact of Record Low Treasury Bond Rates
How will defined benefit pension plans fare as a result of the 30-year U.S. Treasury bond rates falling below 2.00% for the first time in U.S. history? This 100 basis point drop from the beginning of the year and the […]
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Three Compelling Reasons to Consider Pension Plan Mergers
If you have more than one pension plan you are administering, consider a pension plan merger to potentially reduce plan administrative, Pension Benefit Guarantee Corporation (PBGC), and future plan termination fees. Sound too good to be true? Read on. While […]
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Audit Survival Tips for Retirement Plans
Although only a small fraction of retirement plans are audited each year, over time it’s almost certain that you and your plan will be audited by either the Internal Revenue Service (IRS) or the Department of Labor (DOL). Your preparation […]
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Terminating an Overfunded Pension Plan? Who Gets the Excess?
If an overfunded single employer pension (defined benefit) plan is terminating and its participants and beneficiaries are on track to receive full benefits, the plan sponsor will likely ask if the excess is theirs. In other words, will the surplus […]
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2019 Defined Contribution Plan Compliance Calendar
Calendar Plan Year & Calendar Employer Tax Year* January 2019 15 Last day to file Form 945 to report withheld federal income tax from distributions 15 Last day to furnish Form 1099-R to recipients of distributions in 2018 February 2019 […]
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More Pension Lump Sum Cashout De-risking Activity Expected in 2019
Pension plan sponsors looking for significant cash savings and de-risking opportunities have another favorable environment to pull the participants’ lump sum cashout lever this year. But that lever includes several options and considerations. In 2019, the interest rate environment is […]
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Retirement Savings Opportunities for High Earning Owners and Professionals
Overview: For successful small businesses, a 401(k) plan combined with a cash balance plan can provide opportunities to: Build wealth and retirement savings for the owners/ professionals with much greater contributions than through a 401(k) plan alone Save on federal, […]
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The IRS Determination Letter Program Reopens (A Little) for More Business
If you sponsor a recently merged qualified retirement plan or an individually designed statutory hybrid plan, you may not be shut out from the IRS Determination Letter Program any longer. As you already know, a favorable determination letter on the […]
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Market Volatility Shows Importance of Pension Plan Termination Planning
Equity markets have rallied in early 2019 and the losses from December 2018 have all but been erased. Interest rates haven’t recovered to the November, 2018 high, but the funded status for most pension plans has rebounded. Findley’s April 2019 […]
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Building Toward a Better Retirement: Choice Architecture and Plan Participants
Overwhelming. That’s normally the first response plan participants give as to why they didn’t start saving for retirement. HR professionals and retirement consultants have heard it before, “Too many options; too many decisions; I wasn’t sure what these words even meant.”
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