ARPA Includes Key Funding Relief Provisions
March 19, 2021DOL Announces New Electronic Disclosure Rule for Retirement Plans
June 19, 2020
Year-end Congressional Spending Bill Repeals ACA Taxes and Extends PCORI Fee
As part of a year-end spending bill that was signed in law last Friday, Congress passed a repeal of several ACA taxes, an extension of the PCORI fee, and a number of revisions to retirement savings ...
SECURE Act Signed into Law
Last week saw the U.S. Senate pass an omnibus spending bill, which President Trump signed into law on Friday. Attached to this bill was the Setting Every Community Up for Retirement Enhancement Act ...
IRS Announces Updates to 2020 Retirement Plan Limits
Each year the IRS provides cost of living adjustments to benefit plan limits to assist sponsors in administering their plans. On November 6, the IRS released Notice 2019-59, which provided 2020 ...
Foster & Foster Expands Plan Administration Services to Illinois Fire and Police Pension Funds
Foster & Foster’s Plan Administration Division was established in Fort Myers, FL in 2013 and currently provides third-party administration services to over 40 Florida pension plans. The ...
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 ...
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 ...
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 – ...
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 ...
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 ...