2013 Benefit Plan Limitations

November 28th, 2012|

For any questions please contact bschiedel@burkegroup.com


The (Former) SFAS 106 and GASB 45 II

May 31st, 2012|

In part 1 of this series on the experience subsidy, we looked at how premium rates are set. Today we are going to look at another one of the facts of life: aging. Everybody does it, and each year we are all another year older. As we get a little older every year we get a little bit less healthy.  As our health decreases, our healthcare expenses increase. Let’s look back at [...]


The (Former) SFAS 106 and GASB 45

May 25th, 2012|

Even on their best days, FASB and GASB accounting rules can be hard. These are complex, jargon filled documents that outline rules for recognizing expenses that are often quite esoteric. And sometimes, what seem like minor changes can result in drastic shifts in liabilities and unexpected expenses. For example, SFAS 106 and GASB 45 require accounting and recognition of post-retirement medical benefits while employees are still active, despite the fact [...]


Bridging the Retirement Gap

May 14th, 2012|

401(k) participants are not getting any younger and many face the harsh reality of working beyond normal retirement age to fund the type of lifestyle they desire at retirement. Currently, there are proposals before Congress to include annuity illustrations otherwise know as "Gap Analysis" on participant statements to present a snapshot of any projected "Gap" in monthly income at retirement. The "Gap," being the difference between 80% targeted income replacement [...]


Finding Common Ground In The Peer Group Selection Process

May 9th, 2012|

What happens when there is no consistency when evaluating a company’s proxy statement and their peer group? We are beginning to find out now. With the recent trends of greater scrutiny in executive pay, it is becoming more and more important for companies of ALL shapes and sizes to properly evaluate how they pay their top line of executives. But, with more focus on this practice - it is becoming [...]


Multiple Employer Plans: Is now the time to join?

May 4th, 2012|

Multiple employer retirement plans are not a new concept, but have been in the industry for quite some time..... The idea is very engaging.....it's a way to leverage the strength and buying power of multiple employers, by allowing them to purchase a broader depth of services at institutional pricing. But it's real value is much more than just better services at lower/cheaper pricing. Everybody sells on some variation of "service" [...]

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