ERRP Funds are going fast, but employers still have time to act
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January 19, 2011
$1 billion of the original $5 billion has now been paid out under the Early Retiree Reinsurance Program (ERRP), according to an article this month in Business Insurance. We've been watching the ERRP since its inception (posts 1, 2, 3, 4) and didn't think the $5 billion allocation would last long. (Read more)
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Pension plans may face higher 2011 PBGC variable premiums due to low interest rates |
January 13, 2011
Over the past couple of weeks we've been previewing some issues that pension plan sponsors may encounter during 2011 (e.g., increases in Annual Funding Notice liabilities). This post highlights several items that plan sponsors should be aware of as they gear up for their 2011 pension funding valuations. (Read more)
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Employers must act quickly to elect pension relief for 2009 or 2010
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December 22, 2010
On December 17, the IRS issued Notice 2011-3. The Notice provides that the deadline for electing to extend the amortization period is the latest of: (1) the last day of the plan year, (2) 30 days after the valuation date and (3) January 31, 2011. (Read more)
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DOL online database of Form 5500 filings |
November 28, 2010
Now that many plan sponsors have completed their 2009 Form 5500 filings for their retirement and welfare plans, they may be wondering about the status of the proposed online posting of these filings. The website can be found here and has basic search functions by plan name, plan sponsor name, EIN, and PN. (Read more)
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