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BenefitsLink® Message Boards Digest
January 16, 2024
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Here are the most recently added topics on the BenefitsLink® Message Boards
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mwyatt created a topic in Defined Benefit Plans, Including Cash Balance
"Confused here, IRS notices 2023-66, -72, -76, and 2024-04 showed 2024 ARPA Segment rates as 4.75%, 4.87%, and 5.59%. Now IR Notice 2024-21 has 2024 ARPA Segment rates as 4.75%, 4.96% (instead of 4.87%), and 5.59%. Note that they show the January 2024 segment rates as 4.37%, 4.96%, and 4.95%. Did just leave a voice message with the IRS to figure out if they have a typo on 2024-21. Holding off on doing 2024 valuations for
now."
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Beemer created a topic in 403(b) Plans, Accounts or Annuities
"We are working on a 403(b) plan termination with TIAA CREF. Although TIAA CREF has certified that the plan is terminated, we have plan summaries with assets after the termination date, which, according to TIAA CREF, is attributable to individual contracts. These plan summaries still have the plan sponsor's name on the reports. At what point can we say that we have sufficient documentation to say that the plan is terminated and
all plan assets have been distributed?"
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Here are the most recently posted jobs on EmployeeBenefitsJobs.com,® a service of BenefitsLink®
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ASC - Actuarial Systems Corporation
Remote / Sylmar CA
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BenefitsLink.com, Inc.
56 Creeksong Road
Whittier NC 28789
(407) 644-4146
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David Rhett Baker, J.D., Editor and Publisher
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