Independent Actuaries Blog Category: Informational
You Get What You Pay For
We are not alone at IAI in having competitors who undercut us in price; it comes with being a part of a well-functioning democracy. One particular challenge we face, though, is a general misunderstanding of what it is we do, … Continue reading
Defined Benefit Plans Can Get Sick, Too
As has been well-publicized, the Coronavirus (along with other factors) has resulted in a steep financial market plunge this week. As of the day I’m writing this, the S&P 500 is down nearly 24% since the beginning of 2020, with … Continue reading
Congress Passes Retirement Legislation
Yesterday (December 19), Congress passed a spending bill containing sweeping retirement plan legislation, designed to allow and encourage Americans to save more. The portion of the legislation pertaining to retirement is called the Setting Every Community Up for Retirement Enhancement … Continue reading
Required Minimum Distribution Time
A reminder that Required Minimum Distributions (RMDs) are payable for anyone over the age of 70-1/2. These rules can be complicated. For money held in an IRA, 401(k) or Profit Sharing Plan, the amount of the distribution is based on … Continue reading
Are Retirement Index Funds Breaking the Market?
The fact that the largest market index funds hold a significant competitive advantage over smaller funds is undisputed. As fund management companies increases in size, the cost to manage their funds become a lesser percentage of the fund size, and … Continue reading
Special Presentation!
IAI is hosting two special events in one afternoon at a local Portland brewery on Thursday, November 7th! Sara Ark and Kristy Bartle will be presenting Crafting the Perfect Retirement; Bringing Science to the Art of the Problem. This is … Continue reading
New E-Delivery Safe Harbor
In response to an Executive Order issued last year to strengthen retirement security, the Department of Labor (DOL) issued proposed rules for disseminating pension plan notices electronically. Participant notices for pension plans include Summary Annual Reports, Individual Benefit Statements, Annual … Continue reading
Josh Harris, Enrolled Actuary!
As a business owner, one of my greatest pleasures is watching as our younger consultants grow in their careers. As such, I’m very pleased to announce our newest Enrolled Actuary, Josh Harris! Although Josh had previously acquired his Associate of … Continue reading
Tax Season is Over! Could Your Business Use a Deduction?
Now that the extended tax season is over, it’s a great time to consider if a qualified retirement plan is right for your business. Since contributions to these plans are deductible, setting up a qualified retirement plan is an effective … Continue reading
Two Wrongs Don’t Make a Right
The deadline to make a contribution to a qualified defined benefit plan with a plan year of January 1st – December 31st is September 15th. If you missed this deadline and your plan has unpaid minimum required contributions, the IRS … Continue reading