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Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
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Regional Vice President, Sales MAP Retirement USA LLC
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Anchor 3(16) Fiduciary Solutions
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“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
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Search the News Archive
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88 Matching News Items |
| 1. |
International Business Times
Feb. 12, 2010
" 'When you talk to small business people about what their struggles are, obviously the economy and getting credit are really high on the list,' said Todd McCracken, NSBA president. 'As the (healthcare) debate went on, they saw that less and less of what was happening was going to drive down healthcare costs, which was their overriding concern.' "
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| 2. |
Keith Lemer in International Business Times
Aug. 25, 2020
"The decline in elective procedures has paid off for ... organizations that self-insure ... Post-pandemic, many employers ... are going to follow the example of their self-insured brethren -- and opt out of the traditional insurance market, too.... Employers that self-insure can identify the care that delivers the most value for their employees because they have control of their medical claims data. That data can offer insights into what's driving health costs."
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| 3. |
International Business Times
Aug. 26, 2015
"Chicago pension officials wanted to know where to deposit the $11 billion that the city's teachers had saved for their retirement benefits, so they turned in 2014 to the outside consulting firm they'd hired for financial advice.... [W]hen the firm, Callan Associates, told pension trustees at a February meeting to give the cash to a bank called Bank of New York Mellon (BNY), the board's trustees agreed to follow the advice. What they were not told at that meeting, however, is that BNY pays Callan for both general consulting services and financial education programs."
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| 4. |
International Business Times
Mar. 6, 2012
There has been a significant but mostly unnoticed shift in the way big U.S. companies account for the pensions on their books. On the face of it, this appears to be little more than a change in arcane bookkeeping procedure. But it could be a sign that corporate America is betting on rock-bottom interest rates and a continuing economic rebound through this year and next.
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| 5. |
International Business Times
Feb. 8, 2012
[An industry veteran has] warned that the mutual fund industry will come back and say they are burdened with extra administration charge because the Department of Labor is now creating this 'onerous administrative task' for them that they have to put on to the 401(k) plan participants, and they are going to charge more.
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| 6. |
The International Business Times Inc.
Dec. 5, 2011
Under the final rule, insurers' medical loss ratios should come in modestly higher than under the prior rule, all other things being equal. Most notably, plans will be allowed to include a small portion of ICD-10 conversion costs in medical expenses. Broker and insurance agent fees will also still be included in insurer's allowable administrative costs.
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| 7. |
The Business of Benefits
Dec. 4, 2013
"The IRS recognizes that gaps and hiccups will arise when comparing form, the plan document & design, to the plan's operations, administrative processes and procedural activities.... The IRS expects the plan sponsor to take three steps when gaps or hiccups arise. First, is finding the problem.... Second, correct the problem.... Third, but very certainly not the least important, the plan sponsor must strengthen their processes, procedures and internal controls with the intent to avoid gaps or hiccups in the future."
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| 8. |
Internal Revenue Service [IRS]
July 1, 2015
"To be eligible for the credit, you must: [1] have purchased coverage through the Small Business Health Options Program -- also known as the SHOP marketplace; [2] have fewer than 25 full-time equivalent employees; [3] pay an average wage of less than $50,000 a year; [4] pay at least half of employee health insurance premiums.... Even if you are a small business employer who did not owe tax during the year, you can carry the credit back or forward to other tax years." [Updated July 1, 2015]
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| 9. |
Forbes; subscription may be required
Apr. 8, 2009
Excerpt: The Internal Revenue Service has recently expressed concerns about the technique. This method of financing start-ups has been around--and controversial--for some time. Forbes first looked at the pros and cons of using retirement accounts to finance businesses in 2004. Our advice: Entrepreneurs interested in the method should split their IRAs into two, one to invest in the new business and the other to manage a diversified retirement portfolio separate from the new business and associated risks.
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| 10. |
Internal Revenue Service [IRS]
Feb. 17, 2016
"The small business health care tax credit benefits employers who: [1] have fewer than 25 full-time equivalent employees; [2] pay an average wage of less than $51,600 a year; [3] pay at least half of employee health insurance premiums."
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