Retirement Plans
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Two of a Kind? Not All 457(b) Plans Are the Same
You may already know there are significant differences between a 457(b) plan sponsored by a governmental entity and a 457(b) plan sponsored by a tax-exempt organization. But do you know what they are? It can be confusing for plan sponsors […]
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Mapping Your Route to Pension Plan Termination Readiness
Trying to nail down the financial aspect of being ready to terminate a pension plan is like trying to hit a moving target. And, unfortunately, it is not the only consideration to determine if your pension plan is ready to […]
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IRS Releases 2018 Required Amendments List for Qualified Retirement Plans
The Internal Revenue Service (IRS) recently issued Notice 2018-91, which contains the Required Amendments List for 2018 (2018 RA List). The 2018 RA List does not reflect any changes in qualification requirements. This means that for individually designed plans there […]
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IRS Issues Proposed Regulations on Hardship Distributions
Just in time for 2019, the IRS has complied with a directive it was given by Congress in the Bipartisan Budget Act of 2018 (BBA 2018) and provided needed guidance on changes to 401(k) hardship withdrawal rules. These changes increase […]
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Reminders of What’s New for Plan Sponsors in 2019
Retirement and health and welfare plan sponsors have a relatively short list of employee benefit changes that begin on or around January 1, 2019. However, some changes were announced so long ago that they could be easily forgotten; here’s a […]
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Employee Benefit Plan Limits for 2019
Findley is pleased to provide you the following 2019 limits (and comparable 2018 figures) for various employee benefit plans and Social Security. Employee Benefit Plans 2018 2019 401(k) elective deferral dollar limit $ 18,500 $ 19,000 403(b) elective deferral dollar […]
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Pension Plan Liabilities to Decrease with Updated Mortality Scale
The Society of Actuaries’ (SOA) Scale MP-2018 mortality improvement rates are slightly lower than the corresponding Scale MP-2017 rates issued last year. With the release of the new scale on October 23, 2018, the SOA estimated that pension obligations will […]
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Government Pension Plans in Focus: Is the Plan Actuarially Sound?
If stakeholders in a government entity’s pension plan were told that the plan is actuarially sound, they would probably believe that a simple, clear definition of actuarial soundness is known and understood by all actuaries and that every actuary would […]
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IRS Updates Model Tax Notices for Eligible Rollover Distributions from Retirement Plans
In its recent Notice 2018-74, the Internal Revenue Service (IRS) provides updated model tax notices for the required written explanations given to recipients of eligible rollover distributions from qualified retirement plans. These updated notices reflect recent changes to the laws […]
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Using Actuarial Experience in Managing a Public Pension Plan
For government pension plan sponsors, regular analysis of the plan’s experience is a vital tool in the ongoing financial management of the plan. The experience analysis not only provides monitoring of recent trends, it is the basis for determining the […]
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