Independent Actuaries Blog Category: Informational

Related Employers and Retirement Plans

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

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

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

Expanded Access to Retirement Funds for Plan Participants

The Corona virus Aid, Relief, and Economic Security (CARES) Act became law on March 27. 2020. The Act contains retirement plan provisions to provide relief for participants affected by the current crisis. See below for a general summary of the … Continue reading