Independent Actuaries Blog Category: Plan Design
Nondiscrimination Relief – A Step in the Right Direction
The IRS recently released Notice 2014-5, Temporary Nondiscrimination Relief for Closed Defined Benefit Plans and Request for Comments. The temporary relief provided in the Notice is nice, but not applicable for most of our small or mid-sized business owner clients. … 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
DB Plans Can Address Small Business Owners’ Goals
This recent article on Forbes.com about retirement planning for small businesses has some good advice. One important thing missing, though, is how well a defined benefit (DB) plan can address common small business owners’ goals in several ways. A DB plan … Continue reading
Breaking news! Save for retirement in 10 years (or less)!
Defined benefit retirement plans for small businesses are often overlooked or misunderstood. We rarely see them accurately portrayed or even mentioned in the main stream media. Even the financial writer for the New York Times who wrote an article on … Continue reading
IRS Announces Pension Plan Limits for 2013
2013 is around the corner, and that means updated pension plan limitations. Last week, the IRS announced the 2013 limits, many of which will increase in 2013 due to the increase in the cost of living index. Some of the … Continue reading
Independent Actuaries, Inc. Expands From Portland to Austin- Both Cities Keeping It Weird
From Mount Hood, to Cannon Beach, I enjoyed exploring Oregon for the five years I lived there. If there is one thing I learned after walking up and down Mississippi Ave during the Mississippi St Fair, running from Mt. Hood … Continue reading
The Value of a Defined Benefit Pension Plan Rediscovered
One of the great financial scams of the last thirty years has been the replacement of traditional (Defined Benefit) pension plans with 401(k) plans. Somehow, the financial industry and a whole host of businesses have been able to convince their … Continue reading
What’s the Right Retirement Plan?
At IAI, we take pride in avoiding the “one-size-fits-all” mentality that we see with other retirement plan consultants. When a prospective client comes to us looking to set up a new retirement plan, we have the experience and expertise to … Continue reading
