Plan Sponsor and Administration Resources

For many years, plan sponsors have wrestled with the decision to offer loans to their plan participants.  Some consider them to be a benefit and even promote them as a legal way to use tax free money while participating in the plan.  According to the Employee Benefit Research Institute, 87% of plan participants can take

Written By John R. Markley (ASA, FCA, MAAA, FSPA, CPC) After several years with the possibility of new mortality tables, 2018 will be the year! In October, in Notice 2017-60, the IRS finally announced the mortality tables that will apply for 2018. The tables are derived from RP-2014 and the 2016 improvement scale (MP-2016) developed

Times can get tough for people. With the onset of Hurricane Harvey having decimated parts of the Gulf Coast and Hurricane Irma following its destructive lead, we are reminded that at any point we may find ourselves in hardship. Companies make layoffs, natural disasters occur, emergencies… well, emerge. With nowhere else to turn, some will

Written By John R. Markley (ASA, FCA, MAAA, FSPA, CPC) For the last several years, in August and September, Pension sponsors and actuaries have been waiting anxiously to know whether new updated mortality tables would apply for lump sum distributions and funding requirements.  The new mortality tables would reflect more recent improved experience and would

The latest news regarding retirement plans has centered around service provider fees.  While fees are a highly important aspect of managing an employer-sponsored retirement plan, they are not the only metric of your overall retirement plan’s health. A low-cost retirement plan does not necessarily parallel a fruitful pension program for employees.  Studies show that since

With communication mediums like email, text, and IM’s becoming the standard in business industries worldwide, plan sponsors are becoming increasingly interested in abandoning paper processes for a more electronic means of communication with plan participants and beneficiaries. Since e-delivery is not an “all or nothing” prospect, this new approach presents itself as an accessible and

It is estimated that uncashed checks account for billions of dollars, representing a fortune of uncollected funds belonging to plan participants or beneficiaries that they are not able to use and also represent serious issues for fiduciaries. Uncashed distribution checks occur when retirement plan participants fail to cash or deposit a distribution check from their

At Markley Actuarial, we can help you understand the impact of Pension Plan decisions. We have successfully implemented several strategies described in this article. New Mortality Tables For several years, Markley Actuarial has been encouraging our clients to act before updated mortality tables increase the liability of their Pension Plan. The IRS has now issued

If you have a 401(k) plan, you’ve likely had participants ask about taking loans from their accounts. If you haven’t yet, it is only a matter of time. While the concept of taking a loan is pretty straightforward—you borrow money, you repay it with interest—there are some pretty detailed rules that govern loans in the

A 401(k) plan permits employees to defer a portion of their salaries on a pre-tax basis with the objective of accumulating assets for retirement. Additional assets are accumulated if the employer makes contributions to the participant’s account. With today’s mobile workforce, many distributions are made before retirement because employees usually become eligible to receive distributions