Last week the ERISA Industry Committee (ERIC) and coalition allies filed an amicus brief in the U.S. District Court for the Western District of Washington in Maneman v. Weyerhaeuser Company urging the court to dismiss the case where the Plaintiff is challenging the Weyerhaeuser Pension Plan’s purchase of annuity contracts from an insurance company by transferring assets to […]| Burypensions Blog
According to perplexity.ai, to earn the QPA (Qualified Pension Administrator) designation from ASPPA, you must meet the following requirements: Before getting into excerpts from the book on conquering the QPA exam I was wondering how ASPPA monitors a “closed-book online exam” and it turns out that, per the candidate handbook, not being able to cover […]| Burypensions Blog
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
One example from three years ago:. . More lawsuits are being filed as the legal profession, without a hint of irony, fuels outrage over excessive fees.| 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