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Benefit Talk - Delivering helpful information & updates
Industry news, trends and best practices
To support our ongoing commitment to our clients, we offer these tidbits of helpful information and industry insight through our blog and you have the option to sign up to receive each new update, Benefit Talk.
IRS Indexed Limits for 2024
Review the IRS indexed dollar limits to qualified retirement plans for 2024.
Simplifying Benefit Plans and Empowering Union Members: The Role of a Taft-Hartley Third Party Administrator
In today's elaborate landscape of benefit plans and administrative complexities, Taft-Hartley Third-Party Administrators (TPAs) have emerged as trusted partners, providing invaluable services to Trustees, employers, plan participants, and their families.
In this article, we explore the core values of TPAs and dive into the wide range of tasks they perform, highlighting their central role in simplifying administration, ensuring compliance, and optimizing benefits.
Secure Act 2.0 Changes Impacting Qualified Retirement Plans
SECURE 2.0 was signed into Law in December 2022. There’s a lot to unpack in it. This article is a Zenith American Solutions summary of some of what we feel are key changes. The Act includes a substantial number of changes and options for Trustees and other Plan Sponsors to review and consider.
Final Regulations on Special Financial Assistance for Underfunded Multiemployer Defined Benefit Plans Released
On July 8, 2022, the PBGC released the final regulations for plans applying for Special Financial Assistance under the American Rescue Plan Act of 2021.
Zenith’s Pension Director chosen To speak at the National Association of Police Organization’s Annual Pension and Benefits Seminar
Zenith’s Pension Director, Steven Mendelsohn, EA, FCA, MAAA, FSPA, has been chosen to speak at the National Association of Police Organizations (NAPO)’s 33rd Annual Pension & Benefits Seminar.
PBGC Approves First Two Plans for Funding Relief under ARPA ’21
PBGC Approves First Two Plans for Funding Relief under ARPA ’21
Department of Labor Releases FAQs on Required Lifetime Income Illustrations for DC Plans
Retirement Benefit Expert and Actuary provides an update on the Department of Labor’s Temporary FAQs for the lifetime income illustrations that will be required for most Defined Contribution plans.
What’s the News on Lifetime Income Disclosures?
Previously, we provided a brief background on the American Rescue Plan Act of 2021 (“ARPA”) and its potential impact on Multiemployer Defined Benefit Plans. This article provides more details on the various provisions impacting those plans.
part 2 - American Rescue Plan Act of 2021 Impact on Multiemployer Defined Benefit Plans
Previously, we provided a brief background on the American Rescue Plan Act of 2021 (“ARPA”) and its potential impact on Multiemployer Defined Benefit Plans. This article provides more details on the various provisions impacting those plans.
American Rescue Plan Act of 2021 Impact on Multiemployer Defined Benefit Plans
On March 11, 2021 President Biden signed into Law the American Rescue Plan Act of 2021 (“ARPA”). ARPA contains significant relief for underfunded Multiemployer Defined Benefit Plans.
COVID-19 Payroll Tax Relief Raises Questions
Recent relief, which permits the deferral of the withholding, deposit and payment of the employee portion of Social Security taxes for certain wages, has raised some questions and concerns…
Dc Plan Income Disclosures are Coming
In last quarter’s newsletter, we discussed some of the key changes of last year’s SECURE Act. In August, the DOL released initial guidance and we are now in a 60-day review/comment period…