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2021 Employee Benefit Plans Accounting, Auditing & Regulatory Update

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David Torrillo
Thursday, December, 09, 2021 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
As a firm which specializes in the audits of employee benefit plans, we continually monitor accounting, regulatory and current events which may impact plans. As a member of the Employee Benefit Plan Audit Quality Center (EBPAQC), we recently attended the December 2021 American Institute of Certified Public Accountants (AICPA) annual Employee Benefit Plans, Accounting, Auditing
401(k)403(b)Audit QualityCybersecurityDefined Benefit PlansDOLEBSAEPCRSIRSMortality TablesPension Plans

2021 Employee Benefit Plans Update

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David Torrillo
Thursday, May, 13, 2021 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b), Uncategorized
As a firm which specializes in the audits of employee benefit plans, we continually monitor accounting, regulatory and current events which may impact plans. As a member of the Employee Benefit Plan Audit Quality Center (EBPAQC), we recently attended the May 2021 American Institute of Certified Public Accountants (AICPA) annual Employee Benefit Plans Conference. Read
401(k)403(b)403(b) Examination TrendsAudit QualityBenefit Plan Auditcompliance resolution systemCybersecurityDefined Benefit PlansDetermination Letter ProgramDOLEBSAEFAST 2 Filing of Form 5500sEnforcement prioritiesEPCRSIRSMortality Tablespenalty noticesPension PlansPlan Fiduciary UpdatePre-Approved PlanRegulatory Priorities

IRS Updates Mortality Improvement Rates and Static Mortality Tables for 2022

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David Torrillo
Wednesday, December, 16, 2020 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates
In Notice 2020-85, the IRS specifies updated mortality improvement rates and static mortality tables to be used for defined benefit pension plans. These updated mortality improvement rates and static tables apply for purposes of calculating the funding target and other items for valuation dates occurring during the 2022 calendar year. Read More
Defined Benefit PlansIRSMortality Tables

Mortality Tables for Pension Plans Updated for 2021

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David Torrillo
Wednesday, December, 11, 2019 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates
In Notice 2019-67, the IRS has provided updated mortality improvement rates and static mortality tables to be used for defined benefit pension plans. These updated mortality improvement rates and static tables, which are being issued pursuant to the regulations under § 430(h)(3)(A), apply for purposes of calculating the funding target and other items for valuation
Defined Benefit PlansIRSMortality TablesPension Plans

Mortality Improvement Scale MP-2019 Released

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David Torrillo
Wednesday, November, 20, 2019 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases
The Mortality Improvement Scale (Scale MP-2019) that accompanies the Society of Actuaries (SOA)  most recent Mortality Table (RP-2014) was updated  in October 2019.  In addition, the SOA released a new base mortality table, Pri-2012. Read More
Defined Benefit PlansMortality TablesPension Plans

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Categories

  • Employee Benefit Plans
  • Forms and Procedures
  • News and Press Releases
  • Policy Updates
  • Retirement – 401(k), 403(b)
  • Uncategorized

Torrillo & Associates, LLC specializes in employee benefit plan audits, 401k audits, 403b audits, pension plan audits, and retirement plan audits. We are licensed in 7 states including New York, New Jersey, and Pennsylvania.  With firm mobility, we are also able to practice in an additional 27 states.

36 Regency Plaza
Glen Mills, PA 19342

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