DB Administration, Discrimination Testing and Proposal software with Multiple Plan and Cash Balance Plan handling. PPA'06 Pension Funding.
Funding Target and Target Normal Cost with 3-rate segments
404(o) Cushion; 430 minimum and 404(o) maximum contributions
Funding Target Attainment Percentages (FTAPs)
Schedule SB reports and links to our 5500/PBGC System, and our FAS 158 and Termination Calculation reporting systems.
or call 1-888-328-2474
IRS In-Plan Roth Rollover Guidance: Taxation Rules
Excerpt: "This technical update addresses the tax rules of in-plan Roth rollovers, as set forth in the Code, prior regulations, Notice 2010-84, and guidance on the IRS web site."
Certain Social Security Numbers for 2011 Revised (PDF)
Excerpt: "For Old Age Survivors and Disability Insurance (OASDI), the payroll tax rate in 2011 remains at 6.20% on wages up to the Social Security taxable wage base. For 2011, the Social Security taxable wage base will be $106,800 (identical to 2010). The Medicare Part A payroll tax rate of 1.45% will continue to apply on all wages in 2011."
What Does the Report of the Fiscal Commission's Co-Chairs Mean for Social Security?
Excerpt: "'Social Security changes recommended . . . include: extending coverage (to uncovered state and local employees); three benefit reductions (affecting the benefit formula, cost of living adjustments, and retirement age); two benefit increases (a new special minimum and a 5 percent boost for longtime recipients); and a revenue increase (lifting the cap on taxable wages). In addition, the recommendation to lower personal income tax rates would reduce revenues to Social Security funds from the taxation of benefits."
(National Academy of Social Insurance)
CalSTRS Lowers Actuarial Assumptions for Pension Plan Returns
Excerpt: "The board of the California State Teachers' Retirement System . . . lowered several long-term actuarial assumptions including the rate of return on investments from 8% to 7.75% - and its assumed inflation assumptions by 0.25%."
Recessions, Wealth Destruction, and the Timing of Retirement
Excerpt: "A weaker economy causes employers to increase permanent job separations and reduce new hires, accelerating retirements that would otherwise have occurred later. Falling household wealth reduces the resources available to pay for retirement discouraging older workers from leaving the workforce."
(Center for Retirement Research at Boston College)
Three Considerations Before Adding Self-Directed Brokerage Accounts to Your 401(k)
Excerpt: "To the extent that a participant's self-directed brokerage account causes the plan to have less than 95% of its assets in qualifying plan assets, then the participant should be responsible for the cost of meeting the audit waiver requirements, i.e., the cost of obtaining bonding in accordance with Department of Labor Regulations."
(Employee Benefit News; one-time free registration required)
Allocating Fees Among Participant-Directed Plan Participants (PDF)
28 pages. Excerpt: "This White Paper explores two issues: first, the obligations of fiduciaries for the proper allocation of revenue sharing among participants in participant-directed plans; and, second, the obligation of fiduciaries to disclose information regarding that allocation to the participants."
(Reish & Reicher)
Make Your Money Last a Lifetime: 3 Ways to Stretch Your Savings in Retirement
Excerpt: "If ever there were a time to consult a financial planner, this is it -- when you are wondering if, and when, you can afford to retire. You need someone to run the numbers, under various saving and investment scenarios, to help you match your future spending to your available income. (Please choose a fee-only planner, who charges only for advice and doesn't also sell financial products.)"
Earn your missing CPE credits for the 2009/2010 cycle. Get the latest on hot regulatory and technical issues all at your convenience with ASPPA’s webcasts. Topics include: hybrid plans, participant fee disclosure, cash balance plan basics, redefining fiduciary status, the 2009 5500 process and much more! Visit www.asppa.org/webcasts
for more information and to register.
Benefits in General; Executive Compensation
Employee Ownership Update for December 2, 2010
NCEO Executive Director Corey Rosen discusses the following: The NCEO has published its annual update of employee ownership in large public companies, the most detailed analysis of its kind. Whether companies must pay dividends on unvested restricted stock is a matter of state law and corporate documents. ISS issued its 2011 policy guidelines, including a policy encouraging companies to hold annual say-on-pay votes for management. More and more ESOP companies use 'kaizen' management.
(National Center for Employee Ownership)
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