Brad Heinrichs and Travis Smith talk over the state of pensions in 2021 and what needs to be done to keep them around. Subscribe today at: Apple Link:https://lnkd.in/ei8tsUqR Spotify Link:https://lnkd.in/ewjG_JUh Google Play Link:https://lnkd.in/eGfHMnuJ Reach out to Travis Smith and Brad Heinrichs directly: Travis Smith:Phone: (630) 620-0200Email: Travis.Smith@Foster-Foster.com Brad Heinrichs:Phone: (630) 620-0200Email: Brad.Heinrichs@Foster-Foster.com
Foster & Foster
Integral Episode 4: Our Team’s Perspective
Foster & Foster Associates discuss their favorite aspects of the company, the Culture, and how they advocate for clients. If you’re considering a professional opportunity with Foster & Foster, this is the episode to listen to! Subscribe today at: Apple Link:https://lnkd.in/ei8tsUqR Spotify Link:https://lnkd.in/ewjG_JUh Google Play Link:https://lnkd.in/eGfHMnuJ Reach out to Travis Smith directly: Travis Smith:Phone: (630) 620-0200Email: Travis.Smith@Foster-Foster.com
Integral Episode 3: Origin Story
Brad Heinrichs and Ward Foster (Founder) discuss the formation of Foster & Foster, their friendship, why Brad will never change the company’s name, and what Ward has been up to since retirement. Also in this episode, Brad introduces our eclectic base of corporate sponsors. Subscribe today at: Apple Link:https://lnkd.in/ei8tsUqR Spotify Link:https://lnkd.in/ewjG_JUh Google Play Link:https://lnkd.in/eGfHMnuJ Reach out to Travis Smith and … Read More
ARPA Includes Key Funding Relief Provisions
Last week saw the American Rescue Plan Act of 2021 (ARPA) signed into law. In addition to providing additional COVID-related stimulus through direct payments and extended unemployment benefits, the law has funding relief provisions for single-employer pension plans. The law most notably impacts two areas: Shortfall AmortizationsThe period for shortfall amortizations is permanently extended from 7 to 15 years, effective … Read More
Foster & Foster Completes Acquisitions of Pennsylvania-Based Beyer Barber Company and Michigan-Based Rodwan Consulting Company
Deal Continues to Expand Foster & Foster’s National Footprint FORT MYERS, Fla. (Jan. 13, 2021) — Foster & Foster Consulting Actuaries, Inc. a premier actuarial and health and welfare plan consulting firm based in Fort Myers, Florida, which represents nearly 1,000 public pension and health and welfare plans in the United States, announced today that it has completed its acquisitions … Read More
Integral Episode 2: State of the Union 2021: Health Benefits Compliance
Join host Travis Smith and special guest, Nikki Chriesman-Green, as they discuss the State of Union for employer-sponsored health and welfare plans and provide a preview of 2021 Hot Topics in the employee benefits arena. This episode was recorded on December 22, 2020. Reach out to Travis Smith and Nikki Chriesman-Green directly: Travis Smith:Phone: (630) 620-0200Email: Travis.Smith@Foster-Foster.com Nikki Chriesman-Green:Phone: (630) … Read More
SOA Releases Mortality Improvement Scale MP-2020
When the Society of Actuaries (SOA) released the RP-2014 mortality table in 2014, they included mortality improvement scale MP-2014. The purpose of this scale is to reflect mortality improvement into the future, since one would expect future mortality rates to be lower with further advances in health and medicine. A practice was then started to update this improvement scale annually … Read More
PBGC Guidance on CARES Act – UPDATE
The CARES Act, signed into law in March 2020, provided contribution relief to employers by allowing contributions to be delayed until the end of 2020. Initial guidance from the PBGC clarified that payment / filing deadlines would not be extended, rendering delayed contributions useless for 2020 premium purpose (see our summary of prior guidance here). Updated PBGC guidance released this … Read More
Integral, a Foster & Foster Podcast, Episode 1: COVID-19
Join host Travis Smith and special guest Matt Plachta as they discuss the COVID-19 pandemic, implications on health plans, and concepts to consider as we move toward 2021. Reach out to Travis Smith and Matt Plachta directly: Travis Smith:Phone: (630) 620-0200Email: Travis.Smith@Foster-Foster.com Matt Plachta:Phone: (630) 620-0200Email: Matt.Plachta@Foster-Foster.com
PBGC / IRS Guidance on CARES Act
The CARES Act, signed into law in March 2020, provided contribution relief to employers by allowing contributions to be delayed until the end of 2020. What became uncertain was the impact this relief would have on PBGC and IRS requirements that make use of the delayed contributions. Recent guidance has provided some clarity on these matters. PBGC The PBGC released … Read More