Independent Actuaries Blog Author: Independent Actuaries, Inc.
Discontinuing Employer Contributions and Vesting Requirements
Did you know that when employer contributions (e.g., profit sharing, safe harbor and matching contributions) to a defined contribution plan are completely discontinued, the plan’s accounts typically must be fully vested? As with all things IRS, it is important to … Continue reading
Is it Better to Take Monthly Pension Payments or a Lump Sum?
The decision to take a monthly pension payment at retirement or to receive a one-time lump sum after departing your company depends on a number of variables. Upon quick review, taking the lump sum can provide you with more flexibility whereas … Continue reading
The Importance of Maintaining Valid Social Security Numbers
According to a study done by ID Analytics, Inc., over 40 million Social Security Numbers (SSNs) are associated with more than one person. Of the 280 million SSNs they studied, that means one in every seven SSNs are being used … Continue reading
No Cost of Living Increase for Social Security Retirees in 2016
There will be no cost of living increase for Social Security retirees in 2016. For only the fourth time in the last 40 years, all four occurring since 2010, the formulaic calculation of the potential cost of living increase for … Continue reading
Congratulations to IAI’s newest Enrolled Actuary!
As IAI works away during some of our busiest months of the year, congratulations are in order for one of our consultants, Kerry Smith, for her new actuarial designation, Enrolled Actuary! Kerry is not a new face at IAI, having … Continue reading
Introducing Jeffry Lamb, Enrolled Actuary!
IAI is proud to announce our newest Enrolled Actuary, Jeffry Lamb! Jeffry has been with IAI since 2008. During Jeffry’s tenure he has been working toward both the ASA (Associate of the Society of Actuaries) and EA (issued by the Internal … Continue reading
Crossing Cultures – My Trip to India
A month without all the comforts of home certainly changed my perspective on all the privileges that I enjoy living in the United States. One of the biggest advantages that we have are our many career opportunities, as compared to the … Continue reading
∆ Desks → Morale ↑ → Productivity ↑
Although it seems inconclusive as to whether working at a standing desk has a net benefit to one’s health, you can now add Independent Actuaries to the list of employee friendly and trend savvy companies that has tried and loves … Continue reading
Update: What does the Supreme Court’s DOMA ruling mean for qualified defined benefit plans?
On August 29, 2013, the IRS issued Revenue Ruling 2013-17, which addresses some, but not all, of the questions relating to the Supreme Court decision which struck down section 3 of the Defense of Marriage Act (DOMA) earlier this year. … Continue reading
What does the Supreme Court’s DOMA ruling mean for qualified defined benefit plans?
The Supreme Court recently struck down section 3 of the Defense of Marriage Act (DOMA). This means that marriages of same-sex spouses, if legally recognized by a state, must also be recognized for purposes of more than 1,000 federal laws … Continue reading
