Foster & Foster monitors changes in legislation, regulations, and national trends to help our clients be prepared.
IRS Issues New Mortality Table Regulations Effective January 1, 2024November 4, 2023
IRS Updates Mortality Basis for Funding and Lump Sum CalculationsMay 10, 2022
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...Read more
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...Read more
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...Read more