Actuarial Mortality Improvement Scale MP-2018 Released
Thursday, November, 15, 2018
In October 2018, the Society of Actuaries (SOA) updated the Mortality Improvement Scale (Scale MP-2018) that accompanies its most recent Mortality Table (RP-2014). The updated mortality improvement scale incorporates Social Security Administration (SSA) mortality data from 2012 to 2016. Read More
- Published in Employee Benefit Plans, News and Press Releases
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401(k) Contribution Limit Increases to $19,000 for 2019; IRA limit increases to $6,000
Thursday, November, 01, 2018
The Internal Revenue Service on November 1, 2018 announced cost of living adjustments affecting the dollar limit for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in Notice 2018-83. Read More
IRS Updates the Employee Plans Compliance Resolution System ( EPCRS )
Tuesday, October, 02, 2018
In Revenue Procedure 2018-52, the Internal Revenue Service (IRS) details new procedures under EPCRS that will require Plan sponsors to utilize www.pay.gov website to file Voluntary Correction Program (VCP) submissions and pay user fees. Read More
Executive Order to Expand Access to Workplace Retirement Savings Plans and to Review Rules on Required Minimum Distributions
Friday, August, 31, 2018
On August 31, 2018, the President signed an executive order to expand access to workplace retirement savings plans for American workers and to review rules on required minimum distributions. The President’s order directs the Departments of Labor and the Treasury to consider issuing regulations and guidance that would make it easier for businesses to offer