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Retirement plans, post-employment health plan benefits, and self-insured business financial and liability reporting requirements continually evolve and change over time. Retirement and health plan regulatory parties must consequently update terms, conditions, and reporting obligations regularly. Keep your business up-to-date and compliant by connecting with the latest retirement and health plan news on the Watkins Ross blog. From 401(k) rules and pension benefit specifics to deferrals, distributions, and incurred liability considerations, Watkins Ross breaks down the latest news and important retirement and health plan updates so you can ensure your business provides the best possible benefits for your employees at the least amount of regulatory reporting risk. Interested in obtaining an expert look into your business’s current benefits and exploring how they fit within an ever-changing regulatory climate? Contact the Watkins Ross actuaries and retirement and health plan teams to obtain an in-depth assessment of your plan positioning, reporting liabilities, and cost-saving opportunities.

Celebrating Your Employees

Did you know that Friday (March 2) is National Employee Appreciation Day? Whether you believe engaged employees are more productive or that a work/life integration is more important than a balance, I think we can all agree that employee happiness has a positive impact...

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Defined Benefit Plan Compliance Calendar

Defined Benefit Plan Compliance Calendar

A qualified retirement plan must meet various requirements throughout the year in order to retain the qualified status. If you are responsible for administering your company’s defined benefit plan, it’s critical to meet these...

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A Case for Defined Benefit Plans – PART 1

Traditional pension plans, or defined benefit plans, are the original backbone of the corporate pension system.  Retired employees who have worked for a company with one of these plans are enjoying benefits provided well into old age.  Middle aged employees of today...

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Census Request Overview

Each year, you receive the census request from Watkins Ross. The census request provides a way for you to notify your actuary or TPA of any business changes that may have occurred in the previous year and provide employee census data for annual testing. Although the...

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An ESOP Safari Adventure

Having attended the Great Lakes Regional ESOP Conference in October, I arrived back to work the following Monday a bit smarter. It was either because most of the break-out sessions had the word ‘fiduciary’ in the program title or because I discovered that putting your...

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Do you have the ESOP Factor?

Succession planning, exit strategy, sustainable business, retain passion, create liquidity, leave a legacy  …  if these words caught your attention, you may have the ‘ESOP Factor.’ What is an ESOP?  An Employee Stock Ownership Plan (ESOP) is a qualified defined...

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Get Your KSOP on by October 1, 2015

The typical Employee Stock Ownership Plan (ESOP) is designed to reward those who stay with the company, providing an annual allocation of contributions.  The typical 401(k) plan is designed to encourage employees to make salary deferral contributions.   When a single...

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Must your plan cover leased employees?

Does your Company utilize the services of Leased Employees? If so, it is important to be aware of the rules governing qualified retirement plans and leased employees. There are certain requirements that must be met in order for an individual to be considered a leased...

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Yeah, the new kit is here!

Yeah!  The new kit is here!  The new kit is here! Every October, The ESOP Association and its members celebrate Employee Ownership Month (EOM). Each summer, the Press & Event Planning Kit, which highlights EOM activities of ESOP Association members, is shared with...

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Old Mortality Rates Survive Another Year

The IRS published the 2016 required mortality rates for purposes of minimum funding in defined benefit plans via Notice 2015-53.  The 2016 rates will NOT be based on the newly published Society of Actuaries (SOA) RP2014 rates along with the improvement scale MP2014,...

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Take Me Out to the Ball Game

This was my grandson’s first year of baseball. He was new to the game. I wanted him to succeed. I wanted him to love it. As an ESOP administrator, I love working with new ESOP clients. A new ESOP can be much like a child learning baseball; they must learn the basic...

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What is an Actuary?

The Highly Ranked Profession that Almost No One Understands You know the scene. It happens at every party or barbecue you’ve ever attended. You meet someone new and chat for a while. Eventually the conversation runs dry so you turn to those tried and true small talk...

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