by newwatkinsross | Apr 27, 2020 | Uncategorized
Required Minimum Distribution (RMD) Law Changes to the SECURE Act and the CARES Act The SECURE Act was recently passed effective 1-1-2020 and, since then, there has been a lot of communication regarding the passage of the CARES Act due to Covid19. Both of these acts...
by newwatkinsross | Mar 24, 2020 | Defined Benefit Plans
Impacts of the SECURE Act on Defined Benefit Plans The market drop of December 2018 seems like ages ago, considering recent market volatility, Coronavirus, and the missing March Madness. However, the December 2018 drop did result in lower AFTAPs for many calendar-year...
by newwatkinsross | Nov 7, 2019 | Defined Benefit Plans, Defined Contribution Plans
2020 Plan Limits Released The IRS recently announced the 2020 Plan Limits affecting employee benefit plans. These include the annual limits for Social Security Taxable Wage Base and Retirement Plan Dollar Limitations. Review the 2020 Plan Limits here. If you...
by newwatkinsross | Oct 28, 2019 | Cash Balance Plans
Cash Balance Plans- Pitfalls of Using an Investment Rate of Return as the Plan’s Interest Crediting Rate In 2015, the IRS released final regulations pertaining to the acceptable interest rates that can be used for interest credits in a cash balance plan. One of...
by newwatkinsross | Sep 24, 2019 | Other Post-Employment Benefits
GASB Calculation of the Discounted Rate – A Proposal For A Different Approach You are tasked with determining an appropriate discount rate for determining the Net OPEB liability under the Governmental Accounting Standards Board Statement (GASB) Nos. 74/75 for a...
