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View job as Supervisory Actuary - DH for Pension Benefit Guaranty Corporation [PBGC] Supervisory Actuary - DH

Pension Benefit Guaranty Corporation [PBGC]
Telecommute / Washington DC

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Gateway Pension Services, Ltd.
Saint Louis MO

View job as Compliance Coordinator II for Ascensus Compliance Coordinator II


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[Guidance Overview]

IRS Releases Final QPLO Regs

"The final regulations apply to plan loan offsets treated as distributed on or after January 1, 2021. The new applicability date will affect how [qualified plan loan offsets (QPLOs)] are reported on 2021 Forms 1099-R, which won't be sent to taxpayers until January 2022." Icon to read more


Latest Fiduciary Litigation: Another MEP Targeted, Health Care System Sued

"The Coca-Cola Bottlers' Association this week was sued over fees and investments in its multiple employer plan. Former participants in a terminated 403(b) sponsored by a health care system also filed claims." [Anderson v. Coca-Cola Bottlers' Assoc., No. 21-2054 (D. Kans. complaint filed Feb. 1, 2021); Goodman v. Columbus Regional Healthcare Sys., No. 21-015 (M.D. Ga. complaint filed Feb. 2, 2021)] Icon to read more

InvestmentNews; subscription may be required

Best Practices for Fiduciary Review of ESOP Valuations

"[T]he DOL has entered into a number of 'process agreements' settling specific cases and investigations it has brought against ESOP trustees. These process agreements set out steps those trustees are required to take when selecting a valuation advisor and reviewing that advisor's valuation report." Icon to read more

Frost Brown Todd LLC

Multiemployer Pension Reform Developments

"[T]wo competing visions for multiemployer pension reform legislation have been introduced in Congress.... These bills have some common characteristics, but also many differences.... It is possible that a revised version of the recent bills, and in particular the Scott-Neal Act, could be included in COVID-related stimulus legislation currently being negotiated in Congress." Icon to read more

Groom Law Group

Florida Senate Committee Moves Forward on Proposal to Revamp Retirement Plan Design for New State Workers

"After years of discussions about the tricky issue of overhauling Florida's retirement system for government employees, a Senate committee [has] approved a proposal that would shut future workers out of a traditional pension plan." Icon to read more


Kentucky House Passes Pension Bill Aimed at New Teachers

"GOP lawmakers said the measure would relieve some pressure on the state's troubled public pension plan for teachers but won't solve its massive unfunded liability. The bill would not affect teachers already enrolled in the retirement system." Icon to read more

The Paducah Sun

Liability Settlement, Mark-To-Market Accounting, and PBGC Premium Reduction: Effects on Corporate Earnings

"[F]irms that have converted their asset portfolio to an LDI strategy may now be in a position to undertake plan settlement/de-risking/PBGC premium reduction strategies and mark-to-market accounting with little or no long-run earnings implications." Icon to read more

October Three Consulting

Benefits in General

IRS to Hold Public Hearing for Proposed Regs on Postponements Due to Federally Declared Disasters

"The public hearing is scheduled for March 23, 2021.... The new proposed regulations would create an automatic 60-day postponement in cases of federally declared disasters, ensuring that there would be at least 60 days to complete the tax-related acts covered by the guidance." Icon to read more


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404(c) Compliance Possible for 401(k) Plan When TPA Only Values Annually?

"A plan allows participants to self-direct investments in individual brokerage accounts. This is NOT an investment platform, but the total asset balance in each participant's account can be obtained each day online or with a phone call as the funds are publicly traded. I believe this makes it a daily valued plan (must be indicated in plan doc) and it can be 404(c) compliant if meeting other requirements. The money type balances are only determined on annual basis by yours truly (TPA). Does this change it from being a daily val plan to an annual valuation plan that cannot be 404(c) compliant?" Icon to read more

BenefitsLink Message Boards

Does Sole Proprietor Need an EIN to Create a 401(k) Plan?

"I am talking with an attorney who has a practice with no employees, just him. He has a 'dba' business name and he puts all revenue through the dba which he reports as a sole proprietorship on his tax return. He has no EIN and seems reluctant to create one. He wants to start a 401k for himself. Can he do that without an EIN?" Icon to read more

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Press Releases

Most Popular Items in the Previous Issue

The New E-Delivery Rule: The Price of Simplification
Fred Reish, Bruce Ashton and Stephen Pennartz, via American Retirement Association [ARA]

View COVID-19 News and Resources, Inc.
56 Creeksong Road
Whittier, North Carolina 28789
(407) 644-4146

Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager

BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587. Copyright 2021, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

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