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Retirement Plans Newsletter

March 18, 2021

10 Jobs Today


[Guidance Overview]

Exceptional Usefulness and Quality icon Single-Employer Pension Plan Funding Requirements Reduced

"The change in the segment rates will reduce the calculated funding target and target normal cost, which therefore also lowers the funding requirements.... For plans that reduce contributions because of the changes, the result may be an increase in the PBGC variable rate premiums."  MORE >>



Ask the Experts on DOL Missing Participants Guidelines

In January, the Department of Labor (DOL) provided guidance on the issues of missing participants and uncashed checks. Learn how this will impact your organization and get questions answered by industry experts during this March 23rd webinar.

Sponsored by PBI Research Services

[Guidance Overview]

How Corporate DB Plans Are Affected by Pandemic Relief Bill

"The combination of higher liability discount rates and longer periods for the shortfall amortization is likely to reduce any near- and longer-term contribution requirements for corporate DB sponsors. Plans with a smaller normal cost and/or larger funding shortfall are likely to see the most dramatic reductions in required contributions over the period."  MORE >>


IRS Issues Form 8915-E for Reporting Qualified 2020 Disaster Distributions and Repayments, Provides 2020 Forms for Earlier Disasters

"Taxpayers taking advantage of the statutory relief for more than one recent disaster may find the Form 8915 series complex and bewildering despite the IRS's best efforts to create a clear roadmap and provide helpful examples."  MORE >>

Thomson Reuters / EBIA

Financial Wellness: What's Next?

"Beyond worksheets, workshops, and webinars, the blue-ribbon standard is providing practical, personalized advice to employees. Employers are winning, too, from decreasing employee turnover and sick days to increasing confidence and loyalty."  MORE >>


Have You Developed All of the Policies and Procedures Needed to Properly Administer Your Governmental 457(b) or 401(a) Plan?

"A careful reading of your plan document, along with an appreciation of all of the duties and responsibilities of a plan administrator, will soon reveal that there are many, many aspects of proper plan administration that are not spelled-out in sufficient detail in your plan document.... [H]ere are a few of the policies and procedures you are likely to need[.]"  MORE >>

Best Best & Krieger LLP

Fidelity to Exit HR/Payroll Business

"The decision affects nearly 2,000 existing clients, including retirement plan clients that use a bundled solution."  MORE >>


Fiduciary Advocates, Leaders Create Center for Board Certified Fiduciaries

"Thirty-five fiduciary advocates and leaders have created the Center for Board Certified Fiduciaries (CBCF) to help develop exemplary fiduciaries. It will be affiliated with one or more universities to provide an executive education certificate in fiduciary leadership, stewardship and governance."  MORE >>


Discount Rates, Mortality Projections, and Money's Worth Calculations for U.S. Individual Annuities

"[The authors'] estimates ... suggest money's worth values for annuities offered to 65-year-old men and women of about 92 cents per premium dollar."  MORE >>

National Bureau of Economic Research [NBER]; purchase required for full document

Americans' Views of State and Local Employee Retirement Plans (PDF)

12 pages. "77 percent say all workers, not just state and local workers, should have a pension.... Nearly three-fourths (72 percent) agree that state and local employees should receive pensions because they help finance part of the cost by contributing money from each paycheck."  MORE >>

National Institute on Retirement Security [NIRS]

Benefits in General

Fifth Circuit Excuses Claimant from Exhausting Administrative Remedies

"The court concluded that the March 2018 letter did not substantially comply with ERISA's notice requirement because it was ambiguous about Theriot's appeal rights." [Theriot v. Building Trades United Pension Trust Fund, No. 20-30126 (5th Cir. Mar. 12, 2021)]  MORE >>

Roberts Disability Law

Employee Benefits Jobs

View job as Associate
for Actuarial Benefits & Design Company View job as Associate
for Actuarial Benefits & Design Company


Actuarial Benefits & Design Company

Telecommute / VA

View job as Cash Balance Plan Administrator
for Ascensus View job as Cash Balance Plan Administrator
for Ascensus

Cash Balance Plan Administrator



View job as Compliance Specialist (Entry Level)
for Newport

Compliance Specialist (Entry Level)


Moline IL

View job as Retirement Plan Administration
for The Benefit Advantage

Retirement Plan Administration

The Benefit Advantage


View job as Retirement Plan Administrator
for Leading Retirement Solutions

Retirement Plan Administrator

Leading Retirement Solutions

Telecommute / Seattle WA

View job as Actuarial Analyst
for Nyhart, part of FuturePlan by Ascensus

Actuarial Analyst

Nyhart, part of FuturePlan by Ascensus


View job as ESOP Consultant
for Ascensus

ESOP Consultant



View job as Pension Administrator
for KB Pension Services

Pension Administrator

KB Pension Services

Bradenton FL

View job as General Attorney
for Office of the Solicitor, Department of Labor

General Attorney

Office of the Solicitor, Department of Labor

Telecommute / Washington DC

View job as Conversion Specialist
for Benefits Consultant Group / Horace Mann

Conversion Specialist

Benefits Consultant Group / Horace Mann

Cherry Hill NJ

Selected New Discussions

Pooled 401(k) Plan -- How to Allocate Interest Payments on a Particular Participant's Loan?

"Last year we took over TPA work on a medical practice's SH 401(k) with all assets held in pooled Schwab account. Doctor took out plan loan at the end of 2019, and during 2020 made regular loan payments as deductions from his pay check. When allocating earnings for 2020, do you allocate the loan interest only to the doctor?"

BenefitsLink Message Boards

Press Releases

DATAIR Updates Their Pension System for the American Rescue Plan of 2021 (ARPA-21)

DATAIR Employee Benefit Systems, Inc.

Ascensus Acquires Health & Welfare Form 5500 Preparation and Plan Document Services Business from ABV Advisors


Webcasts and Conferences

Uncharted Territory: Understanding and Planning Around the Legal Considerations for a Remote Workforce


Davis Wright Tremaine

DB Provisions of the American Rescue Plan of 2021

April 14, 2021 WEBCAST

American Society of Enrolled Actuaries [ASEA]

Last Issue's Most Popular Items

$59 Million Settlement in Pension Plan Actuarial Assumption Litigation

Greenberg Traurig

IRS Reminds Taxpayers of Recent Changes to Retirement Plans

Internal Revenue Service [IRS]

Plan Administrators, (Re)start Your Timers: Deadlines Extended by COVID Have One-Year Limit

Poyner Spruill LLP

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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