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 David Paauwe, President and Enrolled Actuary | Jun 20, 2019 | Cash Balance Plans
Cash Balance Plan Considerations The number of new cash balance plans continues to rise each year. Cash balance plans are a popular retirement vehicle because they can provide a rapid accumulation of benefits and significant tax deductions. For example, by...
by Kim Trathen, Sales and Marketing Coordinator | Mar 4, 2019 | Cash Balance Plans, Defined Benefit Plans, Multi-Employer Plans
Defined Benefit Plans’ Actuarial Equivalence Under Attack: Reasonable Becomes Unreasonable (Opinion) Recent class action lawsuits targeting the reasonability of actuarial equivalence factors used in defined benefit plans have been making news and causing the...
by Mishelle Becker, QKA, Retirement Plan Administrator | Feb 19, 2019 | 401(K) Plans, 403(B) Plans, 457 Plans, Cash Balance Plans, Defined Benefit Plans, Defined Contribution Plans, Employee Stock Ownership Plans, Profit Sharing Plans, Retirement Plans
Who Retains The Beneficiary Forms? Beneficiary designation forms are used to determine who is entitled to the defined contribution retirement plan benefits upon the death of a participant. While participants complete these forms upon entering a plan, it’s often...
by Kim Trathen, Sales and Marketing Coordinator | Nov 12, 2018 | Cash Balance Plans, Defined Benefit Plans
Is Your Business a Good Candidate for a Cash Balance Plan? Cash balance plans allow high-income earners to save more towards retirement than a defined contribution plan. For example, in a defined contribution plan, the maximum annual additions are limited to $56,000...
by Kim Trathen, Sales and Marketing Coordinator | Sep 17, 2018 | Cash Balance Plans, Defined Benefit Plans
Sufficient Tax Withholding from Pension Payments Enactment of The Tax Cuts and Jobs Act changed the way taxes are calculated for many taxpayers in 2018, including retirees receiving monthly benefits from a pension plan. With the end of 2018 approaching, the IRS...
