IRS Announces 2020 Flexible Spending Arrangement (FSA) Contribution Limit

IRS Announces 2020 Flexible Spending Arrangement (FSA) Contribution Limit

The Internal Revenue Service (IRS) has announced that the 2020 limit on employee pre-tax FSA contributions will rise to $2,750, up from $2,700 in 2019. Revenue Procedure Bulletin 2019-44 provides the ...

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Overview of Selected HSA Banking Alternatives

Overview of Selected HSA Banking Alternatives

We’re frequently asked which is “the best” HSA bank for our clients’ employees, but it’s not an easy answer. Lately, employers are moving away from using traditional ...

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SOA Mortality Tables Finalized for Private-Sector Retirement Plans

SOA Mortality Tables Finalized for Private-Sector Retirement Plans

In May 2019, the Society of Actuaries (SOA) released an exposure draft of the Pri-2012 Mortality Tables for private-sector retirement plans. These new tables were based on data collected for 2010 – ...

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SOA Releases Mortality Improvement Scale MP-2019

SOA Releases Mortality Improvement Scale MP-2019

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 ...

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PBGC Releases Latest Projections

PBGC Releases Latest Projections

The Pension Benefit Guaranty Corporation (PBGC) released its fiscal 2018 projections report in August 2019. The PBGC operates insurance programs for Single-Employer and Multiemployer pension plans ...

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Changes to the ACA Affordability Standard for 2020

Changes to the ACA Affordability Standard for 2020

Recently, the IRS issued Revenue Procedure Bulletin 2019-29, which decreases the affordability percentage under the Employer Mandate. The “affordability standard” is a component of ACA that is ...

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New GASB Exposure Draft Would Alter 457 Plan Reporting

New GASB Exposure Draft Would Alter 457 Plan Reporting

The Governmental Accounting Standards Boards (GASB) released a new exposure draft in June 2019 entitled “Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a ...

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New SOA Mortality Tables for Private Sector Retirement Plans

New SOA Mortality Tables for Private Sector Retirement Plans

Last month (May 2019), the Society of Actuaries (SOA) released an exposure draft of the Pri-2012 Mortality Tables for private-sector retirement plans. These new tables are based on data collected for ...

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