Featured Jobs
|
Pentegra
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Retirement Plan Consultants
|
|
Anchor 3(16) Fiduciary Solutions
|
|
Managing Director - Operations, Benefits Daybright Financial
|
|
Regional Vice President, Sales MAP Retirement USA LLC
|
|
BPAS
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
BPAS
|
|
Southern Pension Services
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
MAP Retirement
|
|
Retirement Relationship Manager MAP Retirement
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
July Business Services
|
|
BPAS
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
IRS Issues Updated Rules on Minimum Present Value of Benefits
Cheiron 
[Guidance Overview] Feb. 1, 2024 "The updated regulations make it easier for a plan to change the lookback month or stability period as needed.... If a plan has employee contributions, an amendment will likely be needed to satisfy the requirement that no mortality be taken into account for the employee-derived portion of the accrued benefit.... If a plan has a Social Security level income option that does not already satisfy the minimum present value requirements, then the plan will need to be amended so that either the entire option satisfies the present value requirements or the plan provisions satisfy the implicit bifurcation rule." |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |