Independent Actuaries Blog Author: Libby Moore

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

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

CARES Act – Defined Benefit Plans

The Coronavirus Aid, Relief and Economic Security (CARES) Act passed the House of Representatives today and is expected to be signed by the President shortly. The CARES Act includes pension relief provisions that have an immediate effect on defined benefit … Continue reading

IAI Celebrates a Quarter of a Century Helping Employers with Retirement Savings

A group of talented retirement actuaries and consultants worked for a small retirement consulting firm back in the 1980’s. The owner of that firm sold his business to a bank. By 1994, the actuaries and consultants who specialized in defined … Continue reading

What Does a Pension Actuary Do Anyway?

When I’m asked what I do for a living, I tell people I’m a pension actuary. I explain that I work on defined benefit pension plans for employers, calculating the employers’ contribution obligations and calculating benefits for plan participants. I … Continue reading

IRS Announces Retirement Plan Limits for 2017

The IRS has announced the new retirement plan limits for 2017. Some limits increased from 2016 to 2017, and some stayed flat. Highlights include: The compensation limit used in determining benefits and contributions for both defined benefit and defined contribution … Continue reading

How Do You Balance a Budget?

  Q: How do you balance a budget? A (from Congress): Reduce future pension plan contributions. Once again pension contributions are connected to budget deals in Washington, DC. The Bipartisan Budget Act of 2015 (BBA 2015) extends the interest rate … Continue reading

More Than Just a Season of Charitable Giving

One of our guiding principles at Independent Actuaries is to benefit the community around us. We apply this principle by supporting charitable giving and volunteerism in our community. Our charitable donation matching program encourages each of us to engage in … Continue reading