Form 5330 is used to report and pay excise taxes related to employee benefit plans, particularly for prohibited transactions under ERISA. Excise Tax When To Pay Penalty for Late Filing of Form 5330 Filing the Form If not filing electronically include a check payable to “United States Treasury” and send to: Department of the TreasuryInternal Revenue […]| Burypensions Blog
Yesterday the Pensions for All Act was introduced by Senator Bernie Sanders: . . Excerpts from the summary of the bill: This legislation would require corporations to either: Importantly, this legislation would provide important financial protections for the self-employedand small businesses. Under this bill, they would only contribute half as much into FERS aslarge corporations […]| Burypensions Blog
Cash Balance (CB) plans did not exist when I became enrolled as an actuary and it has taken me some time to be entirely comfortable with them. However, a generation of TPAs and Financial Advisors a…| Burypensions Blog
Before Financial Advisors bought into Cash Balance plans to favor older, higher-paid participants we had (and still have in principle) Defined Benefit plans integrated with Social Security, commonly known as permitted disparity plans, which allow for higher retirement benefits for compensation above a certain threshold to reflect the fact that Social Security benefits are weighted […]| Burypensions Blog
It was reported last June that, by a vote of 6-3, the Supreme Court overruled their landmark 1984 decision in Chevron v. Natural Resources Defense Council, which gave rise to the doctrine known as …| Burypensions Blog
More money means more opportunities and financial stability for current retirees and future retirees.| Kiplinger
Elon Musk's Department of Government Efficiency (DOGE) has set its sights on Social Security. Here is why you shouldn't panic.| Kiplinger
