The IRS requires that certain sets of employers be treated as a single employer for retirement plan purposes. When establishing a new retirement plan, there are questions that help determine the feasibility of a plan and what provisions to include. … Continue reading
Independent Actuaries Blog
Investing Plan Assets in Cryptocurrencies
At IAI (Independent Actuaries Inc.) we do not give investment advice, nor are we qualified to do so. However, when setting up a new plan, a common question is “What can I invest my plan assets in?” The simplest response … Continue reading
IRS Announces Retirement Plan Limits for 2022
The IRS has announced the new retirement plan limits for 2022. A few limits stayed flat, but most increased from 2021 to 2022. Highlights include: The compensation limit used in determining benefits and contributions for both defined benefit and defined … Continue reading
The SECURE Act and Form 5500 Filings
The SECURE Act extended the adoption deadline for new plans, but what about the IRS Form 5500 series filing?? For the first time, current law allows the adoption of a qualified plan after the end of the plan year. The … Continue reading
IAI Is On The Move!
What a different world we live in now that things are starting to get back to “normal.” This new “normal” has many businesses returning to the office with a hybrid work model and the spaces that we work in will … Continue reading
Pension Funding Relief Funds Coronavirus Relief
There is a lot of spending in the American Rescue Plan Act of 2021 (ARPA), which was signed into law on March 11, 2021. To offset that spending there are also revenue raising provisions, with a major one coming in … Continue reading
A Second Bite at the Apple
Last December was a bit quieter than usual at IAI, and it wasn’t just due to the fact that almost all of us were working from home. We’re usually really busy with getting new retirement plan documents in place for … Continue reading
IRS Announces Retirement Plan Limits for 2021
The IRS has announced the new retirement plan limits for 2021. Most limits stayed flat, but a few increased from 2020 to 2021. Highlights include: The compensation limit used in determining benefits and contributions for both defined benefit and defined … Continue reading
Ripple Effect of Delaying DB Contributions
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27, 2020. The most prominent pension funding relief provision is an automatic extension for cash contributions due during 2020. All defined benefit plan contributions originally … Continue reading
A Cautionary Tale of Low Interest Rates with Lump Sum Distributions
Defined benefit plans can offer lump sum distributions to participants when they terminate employment. This option is common as a method for plan sponsors to lessen administrative costs and offer portable benefits. The lump sum is equal to the present … Continue reading
