Bates & Company, Inc.
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Funding Method Guidance Among IRS Projects Near Finish Line
Bloomberg BNA Jan. 25, 2016
"The Internal Revenue Service is 'really close' to issuing guidance specifying new automatic approvals for changes in pension plan funding method, a move made necessary by the Pension Protection Act of 2006, an IRS official said.... On nondiscrimination, the IRS is crafting rules that would allow large employers to continue closed defined benefit plans and maintain retirement expectations for certain employees. Once closed, these plans will eventually fail the nondiscrimination test ... The IRS is also working on de-risking regulations that would 'severely restrict' the ability to offer one type of risk transfer, a lump-sum distribution offer to plan participants already getting benefit[.]"
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