Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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How to Save a Bundle on PBGC Premiums
October Three, via CFO Apr. 12, 2017 "Company 1 records the contributions as being for the 2017 plan year, while Company 2 records them as being for the 2016 plan year (which is often permissible for contributions made within eight and a half months after the end of the plan year). This simple difference in attribution has reduced Company 2's 2017 variable rate PBGC premiums by $6.8 million.... Suppose that instead of making its $100 million third-quarter contribution on Oct. 15, it accelerates the payment to Sept. 15. Then, it generally can be counted in plan assets as of Jan. 1, 2017, saving an additional $3.4 million in PBGC premiums." |
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